The compound interest on Rs. 50,000 at 4% per annum for two years compounded anually is :

4000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

4080

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

4280

No worries! We‘ve got your back. Try BYJU‘S free classes today!

4050

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C $4080$
C.I. = Amount - Principle
=> $P ((1 + \frac{r}{100})^{T} - 1)$
CI = $50, 000 (1 + \frac{4}{100})^{2} - 1)$
C.I.= $4080.$

Suggest Corrections

Similar questions

Question 3

The compound interest on Rs 50000 at 4% per annum for 2 yr compounded annually is
(a) Rs 4000
(b) Rs 4080
(c) Rs 4280
(d) Rs 4050

Question 3

The compound interest on Rs 50000 at 4% per annum for 2 yr compounded annually is
(a) Rs 4000
(b) Rs 4080
(c) Rs 4280
(d) Rs 4050

50, 000

4 %

2

R s . 10, 800

3

12 \frac{1}{2}

Join BYJU'S Learning Program