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The compound interest on Rs.1500 for 2 years at 5% is

A) Rs.158.25
B) Rs. 153.75
C) Rs.78.75
D) Rs.150.25

Correct Answer:


B) Rs. 153.75

Description for Correct answer:

Interest on Rs.1500 in first year

= \( \Large \frac{1500 \times 5}{100} \) = Rs.75.00

Interest on Rs.1575 in second year

= \( \Large \frac{1575 \times 5}{100} \) = Rs.78.75

Part of solved Simple and compound interest questions and answers : >> Aptitude >> Simple and compound interest

Comments

Similar Questions

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A). Rs.1000

B). Rs.12000

C). Rs.13200

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A). 8 Years

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