Multiple choice

What would be the compound interest accrued on an amount of Rs 6250 at the end of two years at the rate of 13% p.c.p.a. ?

  1. $1830.625$
  2. $1730.625$
  3. $1370.625$
  4. $1570.50$

  5. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Using compound interest formula A = P(1 + r)^t: A = 6250 × (1.13)^2 = 6250 × 1.2769 = 7980.625. CI = A - P = 7980.625 - 6250 = 1730.625.

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