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- List the given numbers and units.
- Choose the formula that matches the asked value.
- Simplify carefully and compare with options.
Correct Answer: C
Correct Answer: C
Method / Topic: Compound Interest
The answer follows from the arithmetic relation between the given values.
Short Explanation
Detailed Explanation
Correct Answer: C
Method / Topic: Compound Interest
Amount = Rs. 6000×1.1² = Rs. 7260. Compound interest = Rs. 7260-Rs. 6000=Rs. 1260.
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Learn + Solve: Shortcut, Trap & Fast Route Click to view shortcut, steps, and common mistake
Shortcut used, common trap, and the fastest solving route
- List the given numbers and units.
- Choose the formula that matches the asked value.
- Simplify carefully and compare with options.
Find the compound interest on Rs. 6000 at 10% per annum for 2 years, compounded annually.
Explanation
Correct Answer: C
Method / Topic: Compound Interest
The answer follows from the arithmetic relation between the given values.
Short Explanation
Detailed Explanation
Correct Answer: C
Method / Topic: Compound Interest
Amount = Rs. 6000×1.1² = Rs. 7260. Compound interest = Rs. 7260-Rs. 6000=Rs. 1260.
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