Multiple choice

What is the compound interest accrued by Alok on an amount of Rs. 18000 at the rate of 10% per annum at the end of three years? 18000 रू. पर 10% प्रति वर्ष की दर से 3 वर्ष के अन्त पर आलोक द्वारा अर्जित चक्रवृद्धि ब्याज क्या है?

  1. Rs. 23958

  2. Rs. 5958

  3. Rs. 4680

  4. Rs. 23460
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B Correct answer
Explanation

Compound interest on Rs. 18000 at 10% for 3 years: Amount = 18000(1.10)^3 = 18000 × 1.331 = 23958. Compound interest = Amount - Principal = 23958 - 18000 = 5958. Note that the question asks for compound interest (not total amount), so we must subtract the principal. This is a standard CI calculation.

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