Arithmeticmedium · Past Paper
Calculate the compound interest on Rs 8000 for 2 years at 5% per annum compounded annually.
ARs 800
BRs 820
CRs 840
DRs 900
✓ Correct Answer: B — Rs 820
A = 8000(1 + 0.05)^2 = 8000(1.1025) = 8820. CI = 8820 - 8000 = 820.
Share this question