Multiple choice

What would be the compound interest obtained on amount of Rs. 30000 at the rate of 10 p.c.p.a after 4 years? रू. 30000 पर 10 प्रतिशत वार्षिक ब्याज की दर से 4 वर्ष का चक्रवृद्धि ब्याज की दर से बयाज कितना होगा?

  1. 15924

  2. 14822

  3. 13923

  4. 1372

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Compound Interest = A - P, where A = P(1 + R/100)^n. A = 30000 × (1.10)^4 = 30000 × 1.4641 = Rs. 43923. CI = 43923 - 30000 = Rs. 13923. Remember: compound interest gives higher returns than simple interest because interest earns interest.