Multiple choice

At some rate per annum,the compound interest on Rs. 1500 for 2 years is Rs. 449.40.The rate of interest per annum is - किस वार्षिक दर से 1500 रू. का 2 वर्ष का चक्रवृद्धि ब्याज 449.40 रू. है-

  1. 10%

  2. 12%

  3. 14%

  4. 15%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Amount after 2 years = 1500 + 449.40 = 1949.40. Using compound interest formula: 1500(1 + r)^2 = 1949.40, so (1 + r)^2 = 1.2996, giving 1 + r = 1.14, so r = 14%. Check: 1500 × 1.14² = 1500 × 1.2996 = 1949.40.

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