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- What would be the compound interest accrued on an amount of 2500 Rs.
Question 1:
What would be the compound interest accrued on an amount of 2500 Rs. at the end of 2 years at the rate of 10 % per annum? A. 525
Feedback Given principal = 2500
No. of years = 2
Rate of interest = 10
Amount = P x (1+r/100)^n,
=> Amount = 2500 x (1+10/100)^2
= 2500 (11/ 10)^2
= 2500 (121/ 100)
= 25 × 121
= 3025
So, Compound Amount = 3025
Compound Interest = Compound Amount - Principal
=> C.I = 3025 - 2500
=> C.I = 525 Rs.
No. of years = 2
Rate of interest = 10
Amount = P x (1+r/100)^n,
=> Amount = 2500 x (1+10/100)^2
= 2500 (11/ 10)^2
= 2500 (121/ 100)
= 25 × 121
= 3025
So, Compound Amount = 3025
Compound Interest = Compound Amount - Principal
=> C.I = 3025 - 2500
=> C.I = 525 Rs.
B. 575
C. 3125
D. 3045
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