1. Rs 5000 are invested in a scheme of compound interest. If the rate of interest is 12% per annum, then what is the interest earned (in Rs) in 2 years?





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  • By: anil on 05 May 2019 02.24 am
    Principal sum = Rs. 5000 Rate of interest = 12% and time period = 2 years => Compound interest = $$P[(1+frac{R}{100})^T-1]$$ = $$5000[(1+frac{12}{100})^2-1]$$ = $$5000[(frac{28}{25})^2-1]$$ = $$5000(frac{784-625}{625})$$ = $$8 imes159=Rs.$$ $$1272$$ => Ans - (B)
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