Compound Interest Practice Test 2

Question : 13 of 40

Marks: +1, -0

First year’s interest on a sum of money placed at compound interest at the rate of 8% per annumis Rs. 72. What will be interest for the second year?

Solution:

Second year’s interest = 72 + 8% of 72

=72+{72×8}/100

=72+5.76=77.76

Go to Question:

Prev Question

Next Question