Multiple choice

Find the compound interest on Rs. 16000 in three years at 5% rate of interest annually. / 16000 रू. पर 3 वर्ष में 5% वार्षिक ब्याज की दर से चक्रवृद्धि ज्ञात कीजिए।

  1. 2252

  2. 2522

  3. 2255

  4. 2225
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B Correct answer
Explanation

Compound interest formula: A = P(1 + r/100)^n. Here P = 16000, r = 5%, n = 3. A = 16000(1.05)³ = 16000 × 1.157625 = 18522. CI = A - P = 18522 - 16000 = 2522.

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