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The simple interest accrued on an amount of Rs. 22,500/- at the end of four years is Rs. 10,800/-. What would be the compound interest accrued on the same amount at the same rate at the end of two years?
- a)Rs. 16908/-
- b)Rs. 5724/-
- c)Rs. 28224/-
- d)Rs. 8586/-
- e)None of these
Correct answer is option 'B'. Can you explain this answer?
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The simple interest accrued on an amount of Rs. 22,500/- at the end of...
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The simple interest accrued on an amount of Rs. 22,500/- at the end of...
Given:
Principal (P) = Rs. 22,500/-
Time (t) = 4 years
Simple Interest (SI) = Rs. 10,800/-
We need to find the compound interest accrued on the same amount at the same rate at the end of two years.
Formula Used:
Compound Interest (CI) = P[(1 + r/100)^t - 1]
where r is the rate of interest.
Solution:
1. Calculation of Rate of Interest (r)
Simple Interest (SI) = (P * r * t) / 100
10800 = (22500 * r * 4) / 100
r = 12%
2. Calculation of Compound Interest (CI)
Compound Interest (CI) = P[(1 + r/100)^t - 1]
= 22500[(1 + 12/100)^2 - 1]
= Rs. 5,724/-
Therefore, the compound interest accrued on the same amount at the same rate at the end of two years is Rs. 5,724/-. Hence, the correct answer is option (b).
Principal (P) = Rs. 22,500/-
Time (t) = 4 years
Simple Interest (SI) = Rs. 10,800/-
We need to find the compound interest accrued on the same amount at the same rate at the end of two years.
Formula Used:
Compound Interest (CI) = P[(1 + r/100)^t - 1]
where r is the rate of interest.
Solution:
1. Calculation of Rate of Interest (r)
Simple Interest (SI) = (P * r * t) / 100
10800 = (22500 * r * 4) / 100
r = 12%
2. Calculation of Compound Interest (CI)
Compound Interest (CI) = P[(1 + r/100)^t - 1]
= 22500[(1 + 12/100)^2 - 1]
= Rs. 5,724/-
Therefore, the compound interest accrued on the same amount at the same rate at the end of two years is Rs. 5,724/-. Hence, the correct answer is option (b).
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The simple interest accrued on an amount of Rs. 22,500/- at the end of four years is Rs. 10,800/-. What would be the compound interest accrued on the same amount at the same rate at the end of two years?a)Rs. 16908/-b)Rs. 5724/-c)Rs. 28224/-d)Rs. 8586/-e)None of theseCorrect answer is option 'B'. Can you explain this answer?
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The simple interest accrued on an amount of Rs. 22,500/- at the end of four years is Rs. 10,800/-. What would be the compound interest accrued on the same amount at the same rate at the end of two years?a)Rs. 16908/-b)Rs. 5724/-c)Rs. 28224/-d)Rs. 8586/-e)None of theseCorrect answer is option 'B'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about The simple interest accrued on an amount of Rs. 22,500/- at the end of four years is Rs. 10,800/-. What would be the compound interest accrued on the same amount at the same rate at the end of two years?a)Rs. 16908/-b)Rs. 5724/-c)Rs. 28224/-d)Rs. 8586/-e)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The simple interest accrued on an amount of Rs. 22,500/- at the end of four years is Rs. 10,800/-. What would be the compound interest accrued on the same amount at the same rate at the end of two years?a)Rs. 16908/-b)Rs. 5724/-c)Rs. 28224/-d)Rs. 8586/-e)None of theseCorrect answer is option 'B'. Can you explain this answer?.
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