The compound interest on Rs.2800 for 18 months at 10% p.a is = ?
A. Rs. 420
B. Rs. 434
C. Rs. 436.75
D. Rs. 441.35
Answer: Option B
Solution(By Examveda Team)
$$\eqalign{ & {\text{Given,}}\,{\text{Principal}},\,P = Rs.\,2800 \cr & {\text{Compound}}\,{\text{rate}},\,R = 10\% \,{\text{per}}\,{\text{annum}} \cr & = \frac{{10}}{2} = 5\% \,{\text{half - yearly}} \cr & {\text{Amount}} \cr & = {\text{Rs}}{\text{.}}\left[ {2800 \times \left( {1 + \frac{{10}}{{100}}} \right)\left( {1 + \frac{{5}}{{100}}} \right)} \right] \cr & = {\text{Rs.}}\left( {2800 \times \frac{{11}}{{10}} \times \frac{{21}}{{20}}} \right) \cr & = {\text{Rs. }}3234 \cr & \therefore {\text{C}}{\text{.I}}{\text{. = Rs.}}\left( {3234 - 2800} \right) \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs. }}434 \cr} $$Related Questions on Compound Interest
A. Rs. 120
B. Rs. 121
C. Rs. 122
D. Rs. 123
E. None of these
A. 625
B. 630
C. 640
D. 650
E. None of these
A. Rs. 2160
B. Rs. 3120
C. Rs. 3972
D. Rs. 6240
E. None of these
A. Rs. 2.04
B. Rs. 3.06
C. Rs. 4.80
D. Rs. 8.30
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