Rs.400 at 5% p.a compound interest will amount to Rs.441 in ________ years (interest compounded yearly).

a) 1 year
b) 2 years
c) 3/2 year
d) 5 years

• b)
  1st year compound interest is =400*5/100 = 20
  2nd year compound interest is = first year CI + 5%of first year CI= 20 + 20*5/100=>20+1=>21
  total CI= first year CI + second year CI= >20+21=21
  so total amount to paid = 400 +41=441
  so answer is 2 year (b)
• 8 years agoHelpfull: Yes(2) No(0)