2012 · Q28
What is the compound interest on Rs. 1600 at 25% per annum for 2 years compounded annually?
Elementary MathematicsArithmetic
- A700
- B750
- C800
- D900
Explanation
Amount = 1600*(1.25)^2 = 2500, so compound interest = 2500 - 1600 = Rs. 900.
What is the compound interest on Rs. 1600 at 25% per annum for 2 years compounded annually?
Explanation
Amount = 1600*(1.25)^2 = 2500, so compound interest = 2500 - 1600 = Rs. 900.