Q. 35.0( 3 Votes )

# Out of the four options, only one is correct. Write the correct answer.The compound interest on Rs 50,000 at 4% per annum for 2 years compounded annually isA. Rs 4,000B. Rs 4,080C. Rs 4,280D. Rs 4,050

Answer :

Given principal (P) = ₹50000

Rate of interest (R) = ₹4% per annum

Time period (T) = 2yr

We know that,

A = P

A =

=

=

=

= ₹54080

Compound interest, CI = A – P = ₹54080 – ₹50000 = ₹4080

Hence, option (b) is correct.

Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Related Videos
Quiz | Comparing Quantities30 mins
Quiz | Calculating Compound Interest Really Compound?46 mins
Foundation | Direct & Inverse Proportions57 mins
Quiz | Percentage35 mins
Quiz | Deciding the Business Future with Profit and Loss54 mins
One Step Ahead of Simple Interest44 mins
Make a Solid Grip on Ratios36 mins
Quiz on Profit, Loss and Discount23 mins
Quiz | Taxes, Discount and CI45 mins
Recalling Ratios and Proportions45 mins
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
view all courses