The simple interest accrued on an amount of Rs. 22,500 at the end of four years is Rs. 10,800. What would be the compound interest accrued on the same amount at the same rate of interest at the end o…

Question

The simple interest accrued on an amount of Rs. 22,500 at the end of four years is Rs. 10,800. What would be the compound interest accrued on the same amount at the same rate of interest at the end of two years?

PYQPulse · Accepted Answer

Rs. 5, 724

PYQPulse · Answer

Explanation: 10800  100 r= = 12% 22500  4 2  12  CI = 22500 1   - 22500  100  = 22500  112  112 - 22500 100 100 = 28224 - 22500 = 5724

The simple interest accrued on an amount of Rs. 22,500 at the end of four years is Rs. 10,800. What would be the compound interest accrued on the same amount at the same rate of interest at the end of two years?

Answer: B. Rs. 5, 724

Explanation

The simple interest accrued on an amount of Rs. 22,500 at the end of four years is Rs. 10,800. What would be the compound interest accrued on the same amount at the same rate of interest at the end of two years?

Answer: B. Rs. 5, 724

Explanation