Compound Interest Practice Test 5

Question : 1 of 40

Marks: +1, -0

Find the compound interest on Rs. 2560 for 1⁄2 year at

12 1/2%

per annum, interest payable quarterly.

Solution:

Amount

=2560(1+25/{8×100})^2

={2560×33×33}/{32×32}

=2722.50

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