EXERCISE 11D
OBJECTIVE QUESTIONS
Tick (/) the correct answer in each of the following:
1. The compound interest on 5000 at 8% per annum for 2 years. compounded annually
(a) 3800
(b) 3825
(c) 3 832
Answers
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1
None of these
5000*8%=5400
Principal for 2nd year =5400
I =5400*8% =432
So compound interest for 2years
=400+432 =₹832
5000*8%=5400
Principal for 2nd year =5400
I =5400*8% =432
So compound interest for 2years
=400+432 =₹832
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