What sum of money lent at compound interest will amount to Rs.847 in 2 years at 10 $%$ p.a., interest being charged annually?

Rs.700

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Rs.800

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Rs.600

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Rs.900

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Rs.500

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Solution

The correct option is A
Rs.700

$847 = P {(1 + \frac{10}{100})}^{2}$

$P = R s .700$

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What sum of money lent at compound interest will amount to Rs.847 in 2 years at 10% p.a., interest being charged annually?

The correct option is A Rs.700 847=P(1+10100)2 P=Rs.700

What sum of money lent at compound interest will amount to Rs.847 in 2 years at 10 $%$ p.a., interest being charged annually?

The correct option is A
Rs.700

$847 = P {(1 + \frac{10}{100})}^{2}$

$P = R s .700$