Postal or Sorting Assistants Model Paper 6 With Solutions

Question : 3 of 100

Marks: +1, -0

What is the compound interest accrued on an amount of ₹ 8500 in two years @ interest 10% per annum?

Solution:

(d) Compound Interest after two years
=

8500[1+10/100]^2-8500

=8500×11/10×11/10-8500

=10285-8500=₹1785

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