Railway Recruitment Board Mathematics — Question 1712
Question
What is the compound interest on ₹8000 at 10% per annum for 2 years, compounded annually?
- 1680
- 1600
- 1728
- 1700
Correct answer
A — 1680
Explanation (English)
Amount = 8000 × (1.10)² = 8000 × 1.21 = 9680. CI = 9680 − 8000 = ₹1680.
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