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Roshan deposited Rs 17500 in the bank which offers compound interest at 8% per annum. What is the interest obtained on the sum after 2 years?
  • a)
    Rs 2800
  • b)
    Rs 2912
  • c)
    Rs 2842
  • d)
    Rs 2878
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Roshan deposited Rs 17500 in the bank which offers compound interest ...
Amount after two years = 17500 x (1+8/100) 2
= 17500 x 1.08 x 1.08 = 20412
Interest = 20412 - 17500 = Rs 2912
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Roshan deposited Rs 17500 in the bank which offers compound interest at 8% per annum. What is the interest obtained on the sum after 2 years?a)Rs 2800b)Rs 2912c)Rs 2842d)Rs 2878Correct answer is option 'B'. Can you explain this answer?
Question Description
Roshan deposited Rs 17500 in the bank which offers compound interest at 8% per annum. What is the interest obtained on the sum after 2 years?a)Rs 2800b)Rs 2912c)Rs 2842d)Rs 2878Correct answer is option 'B'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about Roshan deposited Rs 17500 in the bank which offers compound interest at 8% per annum. What is the interest obtained on the sum after 2 years?a)Rs 2800b)Rs 2912c)Rs 2842d)Rs 2878Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Roshan deposited Rs 17500 in the bank which offers compound interest at 8% per annum. What is the interest obtained on the sum after 2 years?a)Rs 2800b)Rs 2912c)Rs 2842d)Rs 2878Correct answer is option 'B'. Can you explain this answer?.
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