Join ExamsbookAnswer : 2. "Rs. 19828.80"
The compound interest earned by Sunil on a certain amount at the end of two years at the rate of 8% p.a. was Rs.2828.80. Find the total amount that Sunil got back at the end of two years in the form of principal plus interest earned ?5
Q: The compound interest earned by Sunil on a certain amount at the end of two years at the rate of 8% p.a. was Rs.2828.80. Find the total amount that Sunil got back at the end of two years in the form of principal plus interest earned ?
- 1Rs. 11828.80false
- 2Rs. 19828.80true
- 3Rs. 9828.80false
- 4Rs. 19328.80false
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Answer : 2. "Rs. 19828.80"
Explanation :
Answer: B) Rs. 19828.80 Explanation: Let the sum be Rs. P P{ 1+81002- 1 } = 2828.80 It is in the form of a2-b2 = a+ba-b P(8/100)(2 + 8/100) = 2828.80 P = 2828.80 / (0.08)(2.08) = 1360/0.08 = 17000 Principal + Interest = Rs. 19828.80