Home » Aptitude » Compound Interest » Question
  1. Find compound interest on ₹ 10,000 for 3
    1
    years at 10% per annum,
    2
    compounded yearly.
    1. ₹ 3675.50
    2. ₹ 3775.50
    3. ₹ 3875. 50
    4. ₹ 3975.50
Correct Option: D

Given in question , Principal ( P ) = ₹ 10,000 , Rate ( r )= 10% , Time = 3.5 years

A = P1 +
r
3 = 1 +
r/2
100100

A = 10,0001 +
10
3 = 1 +
5
100100

A = 10,000 ×
1331
×
21
100020

A = ₹ 13975.5
Compound Interest ( CI ) = Amount ( A ) - Principal ( P )
CI = ₹ (13975.5 – 10,000)
∴ CI = ₹ 3975.5



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