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What would be the compound interest obtained on an amount of Rs 1210 at the rate
of 6. p.c.p.a. after a year ?
of 6. p.c.p.a. after a year ?
- A70.5
- B74.6
- C73.8
- D72.6
Answer not set
Discussion 1
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CCommunity
Solution
Here the Principal amount is Rs 1210
Rate of Int. = 6% per annum
As we know that SI and CI is same for 1st year if principal amount and ROI is same so CI for 1 year = $\frac{1210\times6\times1}{100}$
CI for 1 year = Rs 72.6
Here the Principal amount is Rs 1210
Rate of Int. = 6% per annum
As we know that SI and CI is same for 1st year if principal amount and ROI is same so CI for 1 year = $\frac{1210\times6\times1}{100}$
CI for 1 year = Rs 72.6