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Discussion :: Compound Interest

  1. Ramesh borrowed Rs. 3600 at a certain rate of interest C.I. and the sum grows to Rs. 4624 in 2 years. What is the rate of interest?

    2. A.
    12.3%
    B.
    13.3%
    C.
    14.3%
    D.
    15.3%

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    Answer : Option B

    Explanation :

    Principal = Rs. 3600

    Amount = Rs. 4624

    t = 2 years

    We have;

    Apti Compound interest35

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