Compound Interest

Quantitative Aptitude (MTS) SSC (MTS)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

The compound interest on Rs 10000 for 2 years at 4% per annum, the interest being payable half yearly, will be

Rs 912.86

Rs 828.82

Rs 824.32

Rs 636.80

$A=10000\left ( 1+\frac{2}{100} \right )^{4}$

$=>10000\left ( \frac{51}{50} \right )^{4}$

Since Interest = 10824.3216 – 10000 = Rs.824.32
Hence option 3 is the correct answer.