Mathematics
NULL
Medium
Question
Simple interest on Rs.12000 for five years is Rs.7200. Find the compound interest on the same sum for five years at the same rate.
A
Rs.3502.80
B
Rs.3052.40
C
Rs.3054.8
D
Rs.3052.80
✓ Official correct answer
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A
Rs.3502.80
No member explanations yet for this option.
B
Rs.3052.40
No member explanations yet for this option.
C
Rs.3054.8
No member explanations yet for this option.
D
Rs.3052.80
No member explanations yet for this option.
Explanation
Rate = 7200 × 100 / (12000 × 5) = 12%. CI for 5 years at 12% is about Rs.9148, not the marked Rs.3052.80.