Question

The amount of Rs. $7500$ for $2$ years at the rate of $4\%$ per annum compound interest is

• A. Rs. $7800$
• B. Rs. $8100$
• C. Rs. $8112$
• D. Rs. $8082$

Answer 1

The correct option is C Rs. $8112$

Principal $=Rs.7500$
Time $=2$ years
Rate $=4\%$
$A=P{(1+\frac{R}{100})}^T$
$A=7500{(1+\frac{4}{100})}^2$
$A=\frac{7500\times 104\times 104}{100\times 100}$
$A=Rs.8112$