What is the compound interest accrued on an amount of Rs.120 t

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RRB TA Exam (Chennai) 2008 click here to view all questions

What is the compound interest accrued on an amount of Rs.12000 at the rate of 9% per annum. At the end of 2 yr?

ARs.2545

BRs.2257.2

CRs.2986

DRs.2775.4

Nithin K ? Dec 4 '2016 at 10:55

Answer: Rs.2257.2

Explanation:

Formula:  \(C.I. = P \Big[ 1 + \frac{R}{100} \Big]^T -P\)

Where, P = 12000 , R =9, T =2

\(C.I. = 12000  \Big[ 1 + \frac{9}{100} \Big]^2 -12000 \)

= 12000 [1.1881] -12000

= 14257.2 - 12000

= Rs.2257.2

All DiscussionsClick here to write answer

Answer: Rs.2257.2 Explanation: Formula:  \(C.I. = P \Big[ 1 + \frac{R}{100} \Big]^T -P\) Where, P = 12000 , R =9, T =2 \(C.I. = 12000  \Big[ 1 + \frac{9}{100} \Big]^2 -12000 \) = 12000 [1.1881] -12000 = 14257.2 - 12000 = Rs.2257.2 Nithin K ? answered Dec 4 '2016 at 10:55 All Comments

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