Multiple Choice Questions on A sum of rupees 3200 is compounded annually at the rate of 10 paisa per rupee per annum Find the com........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A sum of rupees 3200 is compounded annually at the rate of 10 paisa per rupee per annum Find the com...........

Quantitative Aptitude ( CCS) Compound Interest
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    A sum of rupees 3200 is compounded annually at the rate of 10 paisa per rupee per annum. Find the compound interest payable after 2 years.

    200

    Incorrect Answer

    842

    Incorrect Answer

    672

    Correct Answer

    832

    Incorrect Answer
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    Explanation:

    Rate of interest is 10 paisa per rupee per annum. So for 100 rupees it is 1000 paise i.e. 10 percent
    Now, CI = 3200(1+10/100)2  – 3200 = 672

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