Question

What would be the compound interest accrued on an amount of 7850 at the rate of 14% per annum in two years?
(a) 2351.86
(b) 2880.37
(c) 2518.22
(d) 2290.23
(e) 34013.95

Answer 1

7850*14/100=1099*2

                          2198

1099*14/100=153.86*1

                          153.86

    2198+153.86=2351.86