Multiple Choice Questions on Find the compound interest to the nearest rupee on Rs 7500 for 2 years 4 months at 12 p a reckoned a........... for RRB(NTPC) Exam Preparation

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Multiple Choice Questions

Find the compound interest to the nearest rupee on Rs 7500 for 2 years 4 months at 12 p a reckoned a...........

Quantitative Aptitude (RRB NTPC) Compound Interest
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    Find the compound interest to the nearest rupee on Rs. 7500 for 2 years 4 months at 12% p.a reckoned annually?

    2284

    Correct Answer

    2176

    Incorrect Answer

    2097

    Incorrect Answer

    2235

    Incorrect Answer
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    Explanation:
    Calculating compound interest using the Tree method
    I → 900
    II → 900 108
    III → 900 216 12.96
    Compound Interest for 2 years & 4 months = 900 + 900 + 108 + (900+216+12.96)
    = Rs 2284 (approx.)
     

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