Calculate the amount and the compound interest on Rs. 7,500 in 2 years and at 6% compounded annually.

Rs. 563

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Rs. 927

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Rs. 1433

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Rs. 1921

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Solution

The correct option is A Rs. 927
Given : $P = R s . 7500; n = 2 y e a r s a n d r = 6$
$\Rightarrow A = 7500 {(1 + \frac{6}{100})}^{2} ∵ A = P (1 + \frac{r}{100})$
$= R s . 7500 \times {(\frac{106}{100})}^{2} = 7500 \times \frac{106}{100} \times \frac{106}{100} = R s . 8427$
$∴$ Required Amount = Rs. 8427
And, C.I. = Rs. 8427 - Rs. 7500 = Rs. 927

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Calculate the amount and the compound interest on Rs. 7,500 in 2 years and at 6% compounded annually.

The correct option is A Rs. 927Given : P=Rs.7500;n=2yearsandr=6⇒A=7500(1+6100)2∵A=P(1+r100)=Rs.7500×(106100)2=7500×106100×106100=Rs.8427∴ Required Amount = Rs. 8427And, C.I. = Rs. 8427 - Rs. 7500 = Rs. 927