Question

Simple Interest on a Sum at 12 1⁄2% per annum for 2 years is ₹256. What is the Compound Interest on the same Sum at the same Rate and for the same period?

• A. ₹272
• B. ₹282
• C. ₹292
• D. ₹312

Answer 1

Answer:

A. ₹272

SI = PRN/100 256 = Px2x 12.5/100 Thus P = 1024 A= 1024 ( 1+12.5/100)^2