Multiple choice

Find the compound interest on a sum of Rs. 4880 at 15% rate of interest for a time period of 3 years. 4880 रूपये मूलधन पर 3 वर्ष का 15% ब्याज दर पर चक्रवृद्धि ब्याज ज्ञात कीजिए।

  1. Rs. 2484.75

  2. Rs. 2541.75

  3. Rs. 2692.125

  4. Rs. 2424.25
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B Correct answer
Explanation

Compound Interest formula: A = P(1 + r/100)^n. P = 4880, r = 15%, n = 3. A = 4880 × (1.15)^3 = 4880 × 1.520875 = 7421.875. CI = A - P = 7421.875 - 4880 = 2541.75. The compound interest for 3 years at 15% on Rs. 4880 is Rs. 2541.75.

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