Mathematics
NULL
Medium
Question
Find the compound interest on Rs.14800 at 13.5% p.a. for two years (nearest integer).
A
Rs.4273
B
Rs.4613
C
Rs.4064
D
Rs.4266
✓ Official correct answer
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A
Rs.4273
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B
Rs.4613
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C
Rs.4064
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D
Rs.4266
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Explanation
Amount = 14800 × (1.135)² ≈ 19066. CI ≈ Rs.4266.