Find the compound interest accrued on an amount of Rs.14,800 at 13.5% p.a at th

Question

Find the compound interest accrued on an amount of Rs.14,800 at 13.5% p.a at the end of two years. (Round off your answer to nearest integer)

Answer: Option D

CI = 14800{ [ 1 + 13.5/100]² - 1 } = 14800 { [1 + 27/200]² - 1 = 14800 { 2 + 27/200}{27/200} = (74)[2 + 27/200](27)
= 1998[2 + 27/200] = 3996 + 269.73 = Rs. 4266

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