1. A sum of Rs 6000 is borrowed at compound interest at the rate of 8% per annum. What will be the amount (in Rs) after 2 years?





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  • By: anil on 05 May 2019 02.03 am
    Principal sum = Rs. 6000 Rate of interest = 8% and time period = 2 years Amount under compound interest = $$P(1+frac{R}{100})^T$$ = $$6000(1+frac{8}{100})^2$$ = $$6000(1+frac{2}{25})^2=6000(frac{27}{25})^2$$ = $$6000 imesfrac{729}{625}$$ = $$9.6 imes729=Rs.$$ $$6998.4$$ => Ans - (A)
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