Multiple Choice Questions on The simple interest accrued on an amount of Rs 22 500 at the end of four years is Rs 10 800 What sho........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

The simple interest accrued on an amount of Rs 22 500 at the end of four years is Rs 10 800 What sho...........

Quantitative Aptitude ( CCS) Compound Interest
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    The simple interest accrued on an amount of Rs. 22,500 at the end of four years is Rs. 10,800. What should be the compound interest accrued on the same amount at the same rate of interest at the end of two years?

    Rs4566
    Incorrect Answer
    Rs4852
    Incorrect Answer
    Rs5724
    Correct Answer

    Rs4375

    Incorrect Answer
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    Explanation:

    r=10800*100 /22500*4
    r=12%
    Then CI=10,800*[(1+12/100)2-1] =22500 {112/100*112/100 -1}
    =9*28*112 -22500
    =28224-22500
    =Rs5724.

    Hence, opiton 3 is the correct answer.

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