Question

What Would be the C.I on Rs.17500at the rate of 12p.c.p.a after 2 yeras?

• A. Rs.4442
• B. Rs.4452
• C. Rs.4462
• D. Rs.4482

Answer 1

Answer:

B. Rs.4452

$CI=P[(1+\frac{R}{100})^n-1]$

$=17500[(1+\frac{12}{100})^2-1]$

$=17500\frac{28^2-25^2}{25^2}$

$=Rs.4452$