Question

What will be the compound interest accrued on a sum of Rs. 35000 at the rate of 8 p.c.p.a. in 2 years?

• A. Rs. 5,884
• B. Rs. 5,284
• C. Rs. 5,524
• D. Rs. 5,428
• E. None of these

Answer 1

The correct option is E

None of these

$CI=p[{(1+\frac{R}{100})}^t-1]=35000[{(1+\frac{8}{100})}^2-1]=35000[{(1+\frac{2}{25})}^2-1]=35000[{\left(\frac{25+2}{25}\right)}^2-1]=35000[{\left(\frac{27}{25}\right)}^2-1]=35000[\frac{729}{625}-1]=35000\left[\frac{729-625}{625}\right]=35000\times \frac{104}{625}=56\times 159=Rs.5824$