Question

An amount of Rs. 7500 is borrowed at compound interest at the rate of 4% per annum. The amount to be paid after 2 years is _______.

• A. Rs. 8112
• B. Rs. 8000
• C. Rs. 8525
• D. Rs. 8640

Answer 1

The correct option is A

Rs. 8112

Amount = $7500\times \frac{26\times 26}{25\times 25}$ = Rs. 8112