Question

Calculate the amount on Rs. 1875 for 2 year at 4% per annum, compounded yearly.

A) Rs. 676 B) Rs. 776 C) Rs. 1778 D) Rs. 2028

Answer 1

A=P(1+r/100)^n

=1875(1+4/100)^2

=1875(26/25)^2

=1875×676/625

= ₹2028

D) Rs.2028 is correct answer

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