Multiple choice

If the compound interest on a certain sum of money at 10% per annum is Rs. 680 for third year, what it will be in the forth year?

  1. Rs. 658

  2. Rs. 698

  3. Rs. 728

  4. Rs. 748

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

(The compound interest for the forth year = Rs. 680 + 10% of Rs. 680 = Rs. (680 + 68) = Rs. 748)

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