What would be the compound interest accrued on an amount of 11500 Rs.
Question 1:
What would be the compound interest accrued on an amount of 11500 Rs. at the end of 2 years at the rate of 10 % per annum ?
A.13905
B.13915
FeedbackPrincipal = 11500 No. of years = 2 Rate of interest = 10 Amount = P x (1+r/100)n, we get Amount = 11500 x (1+10/100)2 = 11500 x ( 110 / 100 )2 = 115 x 11 x 11 = 115 x 121 Ans : 13915
C.13925
D.13965
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