Question

2.9755
3.1/11
4.7/55
5. none of these
The compound interest earned by sanjay on a certain sum of money at the end of 2 years at the rate of 8
p.c.p.a was Rs 1414.4. What was the total amount that sanjay got back at the end of two years in the form
of principal plus intrest earned?
Rs 99144
3. Rs 9014.4
A14 A
1
1 D
D.08.​

Answer 1

C.I=P{(1+r/100)^n-1}

1414.4=P{(1+8/100^2)-1}

1414.4=P{108/100×108/100-1}

1414.4=P(1.08×1.08-1)

1414.4=1.1664P-P

1414.4=0.1664P

P=1414.4/0.1664

=8500

Amount=8500+1414.4

=9914.4