Compound Interest Practice Test 5

Question : 30 of 40

Marks: +1, -0

The compound interest for two years on a certain amount at 8% p.a. is Rs. 416. What would be the compound interest for 3 years for the same amount in the same rate?

Rs. 449.28
Rs. 624
Rs. 649.28
Rs. 1261.28

Validate

Solution:

Required C.I.

=416(1+8/100)

=416×27/25=449.28

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