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A sum of rupees 3200 is compounded annually at the rate of 25 paise per rupee per annum. Find the compound interest payable after 2 years.
- a)1200
- b)1600
- c)1800
- d)2000
- e)None of these
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
A sum of rupees 3200 is compounded annually at the rate of 25 paise pe...
Rate of interest is 25 paise per rupee per annum.
So for 100 rupees it is 2500 paise i.e. 25 percent
Now, CI = 3200(1+25/100)2 – 3200 = 1800
So for 100 rupees it is 2500 paise i.e. 25 percent
Now, CI = 3200(1+25/100)2 – 3200 = 1800
Most Upvoted Answer
A sum of rupees 3200 is compounded annually at the rate of 25 paise pe...
Rate of interest is 25 paise per rupee per annum.
So for 100 rupees it is 2500 paise i.e. 25 percent
Now, CI = 3200(1+25/100)2 – 3200 = 1800
So for 100 rupees it is 2500 paise i.e. 25 percent
Now, CI = 3200(1+25/100)2 – 3200 = 1800
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Community Answer
A sum of rupees 3200 is compounded annually at the rate of 25 paise pe...
Rate of interest is 25 paise per rupee per annum.
So for 100 rupees it is 2500 paise i.e. 25 percent
Now, CI = 3200(1+25/100)2 – 3200 = 1800
So for 100 rupees it is 2500 paise i.e. 25 percent
Now, CI = 3200(1+25/100)2 – 3200 = 1800
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