Question

* If interest is calculated on the basis of compound interest where Rs R = 8%, P = 2,50,000, year N = 2, what will be the compound interest? *

1️⃣ 2,91,600
2️⃣ Rs. 2,50,000
3️⃣ 41,600
4️⃣ 29,100​

Answer 1

Answer:

C. I = 41,600

option no. 3.

Step-by-step explanation:

compound interest= principle amount ×100×R×year

100

C. I = 2,50,000×100+8×100+8 ( 2 year)

100 100

= 2,50,000×108×108

100 100

= 25 × 108 × 108

= 25 × 11,664

= 2,91,600

then

2,91,600 - 2,50,000

C. I = 41,600

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