Arithmeticmedium · Past Paper

Compound interest on Rs. 6250 for 2 years at 4% p.a. is:

ARs. 500
BRs. 510
CRs. 520
DRs. 600

✓ Correct Answer: BRs. 510

A = 6250(1.04)^2 = 6250 * 1.0816 = 6760. CI = 510.

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