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Q: Find the compound interest on Rs. 2680 at 8% per annum for 2 years ?

  • 1
    Rs. 664.21
  • 2
    Rs. 548.68
  • 3
    Rs. 445.95
  • 4
    Rs. 692.57
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Answer : 3. "Rs. 445.95"
Explanation :

Answer: C) Rs. 445.95 Explanation: We know Compound Interest = C.I. = P1+r100t - 1 Here P = 2680, r = 8 and t = 2 C.I. = 26801 + 81002-1= 268027252-12= 26802725+12725-1= 2680 5225×225 = (2680 x 52 x 2)/625 = 445.95   Compound Interest = Rs. 445.95

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