Question

8 find the compound Interest on Rs 6,400.
for 2 years at 10% p.a. Compounded
annually

(a) Rs 7744
( b) Rs 6700
(c) Rs 1344
(d) Rs 2344​

Answer 1

Answer:

Correct option is A)

Step-by-step explanation:

⇒  P=Rs.6400,n=2years,R=215%

⇒  A=P(1+100R)n

⇒  A=6400(1+2×10015)2

⇒  A=6400×200215×200215

⇒  A=Rs.7,396

⇒  Compoundinterest=A−P

⇒  CompoundInterest=Rs.7,396−Rs.6,400=Rs.996