Question

Simple interest on a certain sum at 7% per annum for 4 years is Rs. 2415. What will be the compound interest on the same principal at 4% per annum in two years?
A) Rs. 704
B) Rs. 854
C) Rs. 893
D) Rs. 914

Answer 1

Simple interest on a certain sum at 7% per annum for 4 years is Rs. 2415. What will be the compound interest on the same principal at 4% per annum in two years?
A) Rs. 704
B) Rs. 854
C) Rs. 893
D) Rs. 914

Let the sum be Rs. P.

Then,[p(1+10/100)2-p]=525

Sum =Rs.2500

S.I.= Rs.(2500*5*4)/100


= Rs. 500

Answer 2

hi

here is your answer

The compound interest is

(A) "Rs. 704"

Explanation :Answer: A) Rs. 704 Explanation: We know that, S.I. = PTR100⇒ P = S.I x 100T x RAnd also,C.I = P1 + R100n- 1 From given data, P = Rs. 8625 Now, C.I = 86251+41002-1= 862526252-1= 8625676625-1= 8625 x 51625C.I = Rs. 703.80

hope it helps

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