Multiple choice

If the simple interest on a sum of money at 12.5% per annum for 2 years is Rs.1516. Find the compound interest on the same sum for the same period at the same rate of interest? यदि किसी धनराशि पर 12.5% प्रति वर्ष की दर से दो वर्षों का साधारण ब्याज 1516 रूपए हो, तो उसी धनराशि पर समान समय में समान दर पर चक्रवृद्धि ब्याज ज्ञात कीजिये?

  1. Rs. 1610.75

  2. Rs. 1750.25

  3. Rs. 1872.8

  4. Rs. 1688.25
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

SI = P×R×T/100. Given SI = 1516, R = 12.5%, T = 2 years. P = 1516×100/(12.5×2) = 151600/25 = 6064. CI = P[(1 + R/100)² - 1] = 6064[(1.125)² - 1] = 6064[1.265625 - 1] = 6064×0.265625 = 1610.75. Option A is correct.

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