ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The compound interest on $ 50000 at 8 % per annum for 2 years, compounded annually, is ____
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$ 8000
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$ 8250
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$ 8350
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$ 8640
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Explanation:
Detailed explanation-1: -Therefore, Solve further, Hence, the compound interest on Rs. 50000 at 8% per annum for 2 years compounded annually is 8320 rupees.
Detailed explanation-2: -5832∴ C.I. = A-P = Rs. 5832-5000= Rs. 832 (c)
Detailed explanation-3: -The compound interest is ₹17280.
There is 1 question to complete.