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Sunday, November 25, 2018

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

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

Answer: Rs.2257.2

Explanation:

Formula:  C.I.=P[1+R100]TP

Where, P = 12000 , R =9, T =2

C.I.=12000[1+9100]212000

= 12000 [1.1881] -12000

= 14257.2 - 12000

= Rs.2257.2

Nithin K
answered Dec 4 '2016 at 10:55

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