Gujarati
Hindi
6.Interest
medium

The compound interest on ₹ $4000$ for $4$ years at $10 \%$ per annum will be (In ₹)

A

$1856.40$

B

$1600$

C

$1856$

D

$1756.60$

Solution

(a) $p=4000, n=4, r=10 \%$

$\begin{aligned} C.I &= P \left[1+\frac{ r }{100}\right]^{ n }- P \\ &=4000\left[1+\frac{10}{100}\right]^{4}-4000 \\ &=5856.40-4000 \\ C.I &=1856.40 Rs \end{aligned}$

Standard 13
Quantitative Aptitude

Similar Questions

Start a Free Trial Now

Confusing about what to choose? Our team will schedule a demo shortly.