Multiple Choice Questions on The compound interest on Rs 2000 at 5 per annum compounded yearly for 2 years is ........ for Mathematics - All Exams Preparation

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Multiple Choice Questions

The compound interest on Rs 2000 at 5 per annum compounded yearly for 2 years is ........

Quantitative Aptitude ( CCS) Compound Interest
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     The compound interest on Rs. 2000 at 5% per annum, compounded yearly, for 2 years is ?

    Rs. 315

    Incorrect Answer

    Rs. 425

    Incorrect Answer

    Rs. 205

    Correct Answer

    None of these

    Incorrect Answer
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    Explanation:

     C.I = A - P

     (2000 * 105% * 105%) - 2000 = 2205 - 2000 = 205 Rs.

    By: Deepak Dawra
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