Mathematics
NULL
Medium
Question
Sunil earned Rs.2828.80 CI in two years at 8% p.a. What total amount (principal + interest) did he get back?
A
Rs.18,828.80
B
Rs.19,828.80
✓ Official correct answer
C
Rs.18,028.80
D
Rs.17,828.80
Community credibility
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A
Rs.18,828.80
No member explanations yet for this option.
B
Rs.19,828.80
No member explanations yet for this option.
C
Rs.18,028.80
No member explanations yet for this option.
D
Rs.17,828.80
No member explanations yet for this option.
Explanation
P × ((1.08)² − 1) = 2828.80 ⇒ P × 0.1664 = 2828.80 ⇒ P = 17000. Total = 17000 + 2828.80 = Rs.19,828.80.