1. What Is the compound interest (in Rs.) on a principal sum of Rs. 2800 for 2 years at the rate of 12% per annum?





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  • By: anil on 05 May 2019 02.27 am
    Principal sum = Rs. 2800 Rate of interest = 12% and time = 2years Compound interest = $$P[(1+frac{R}{100})^T-1]$$ = $$2800[(1+frac{12}{100})^2-1]$$ = $$2800[(frac{28}{25})^2-1]$$ = $$2800 imes(frac{784-625}{625})$$ = $$2800 imesfrac{159}{625}=Rs.$$ $$712.32$$ => Ans - (C)
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