Multiple choice

What would be the compound interest accrued on an amount of Rs. 7500 @ 12 p.c.p.a at the end of two years?

  1. Rs. 1908

  2. Rs. 1608

  3. Rs. 1806

  4. Rs. 1904

  5. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Using the compound interest formula A = P(1+r)ⁿ: A = 7500(1.12)² = 7500 × 1.2544 = 9408. Compound Interest = A - P = 9408 - 7500 = 1908. Option A is correct.

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