Question
What will be the compound interest accrued on a principal of Rs. 32,500 at the rate of 5 p.c.p.a. after a period of 2 years.
Answer: Option D
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C.I = P[(1 + R/100)T - 1 ]
= 32500[(1 + 5/100)2 - 1]
= 32500[(21/20)2 - 1]
= 32500 * 41/400 = Rs. 3331.25
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