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The amounts of ₹ 7500 at compound interest at 4% per annum for 2 years,is:1. ₹ 81002. ₹ 80823. ₹ 78004. ₹ 8112 |
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Answer» Correct Answer - Option 4 : ₹ 8112 Given: P = 7500 R = 4% T = 2 years At compound interest Formula: A = \(P\left( {1 + \frac{r}{{100}}} \right)\)t where, A = Amount P = Principle r = Rate T = Number of years Calculation: A = \(P\left( {1 + \frac{r}{{100}}} \right)\)t ⇒ A = 7500(1 + 4/100)2 ⇒ A = 7500 (26/25)2 ⇒ A = 7500 × 26/25 × 26/25 ⇒ A = 12 × 26 × 26 ⇒ A = 8112 |
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