What would be compound interest (In ₹) accrued on an amount of ₹ 7,400 @ 13.5 p.c.p.a. at end of

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6.Interest

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What would be the compound interest (In ₹) accrued on an amount of ₹ $7,400$ @ $13.5$ $p.c.p.a.$ at the end of two years? (rounded off to two digits after decimal)

A

$2136.87$

B

$2306.81$

C

$2032.18$

D

$2132.87$

Solution

(d) $CI =7400\left[\left(1+\frac{13.5}{100}\right)^{2}-1\right]$

$=7400[1.288225-1]$

$=7400 \times 0.288225=₹ 2132.87$

Standard 13

Quantitative Aptitude

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