Join ExamsbookAnswer : 2. "Rs. 4826"
Find the compound interest on Rs. 6,500 for 4 years if the rate of interest is 10% p.a. for the first 2 years and 20% per annum for the next 2 years?5
Q: Find the compound interest on Rs. 6,500 for 4 years if the rate of interest is 10% p.a. for the first 2 years and 20% per annum for the next 2 years?
- 1Rs. 3845false
- 2Rs. 4826true
- 3Rs. 5142false
- 4Rs. 4415false
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Answer : 2. "Rs. 4826"
Explanation :
Answer: B) Rs. 4826 Explanation: We know the formula for calculating The compound interest C = P1 + r100n - 1 where P = amount, r = rate of interest, n = time Here P = 5000, r1 = 10, r2 = 20 Then C = 65001 + 101002 x 1 + 201002 - 1= 6500 x 18562500= 65 x 185625 C = Rs. 4826.