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What is the compound interest on an amou...

What is the compound interest on an amount of ₹ 4800 at the rate of 6 per cent p.a. at the end of 2 years?

A

₹ `544.96`

B

₹ `576`

C

₹ `593.28`

D

₹ `588`

Text Solution

Verified by Experts

The correct Answer is:
C
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Knowledge Check

  • What will be compound interest on an amount of Rs 5000/- at the rate of 8% p.a. at the end of 2 years?

    A
    Rs 832/-
    B
    Rs 842/ -
    C
    Rs 823/-
    D
    Rs 840/-

  • What would be the compound interest drawn on an amount of Rs. 18,400 @ 12 per cent p.a. at the end of 3 years ?

    A
    Rs. `4680cdot96`
    B
    Rs. `7450cdot6752`
    C
    Rs.`6235cdot2143`
    D
    Rs.`8042cdot16`

  • What would be the simple interest obtained on an amount of Rs. 3460 at the rate of 8.5 per cent per annum after 6 years?

    A
    Rs. 1746
    B
    Rs. 1764.6
    C
    Rs. 1766
    D
    Rs. 1756.4

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    The simple interest accrued on an amount of ₹22,500 at the ends of four years is ₹10,800. What would be the compound interest accrued on the same amount at the same rate at the end of two years?

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    The simple interest accrued on a sum of certain principal is Rs. 6500 in eight years at the rate of 13 per cent per year. What would be the compound interest accrued on that principal at the rate of 8 per cent per year in 2 years?

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