Multiple Choice Questions on What is the compound interest on Rs 65000 at 9 per annum for 2 years compounded annually ........ for CDS Exam Preparation

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Multiple Choice Questions

What is the compound interest on Rs 65000 at 9 per annum for 2 years compounded annually ........

Quantitative Aptitude (CDS) Compound Interest
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    What is the compound interest on Rs.65000 at 9% per annum for 2 years compounded annually?

     

    Rs.12226.5
     

    Correct Answer

    Rs.21229.5
     

    Incorrect Answer

    Rs.26122.5
     

    Incorrect Answer

    Rs.21226.5

    Incorrect Answer
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    Explanation:

    Time =2 years 
    P=65000 
    Amount =Rs.[65000× {1+(9/100)}^ 2 ]
    = Rs.[65000×(109/100)×(109/100)]
    = Rs.77226.5
    Compound interest=Rs.(Rs.77226.5 - 65000)
    =Rs.12226.5

    By: bhavesh kumar singh
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