What would be compound interest (compounded annually) on a sum of Rupees 2018 at the rate of 7% for a period of 2 years?

M4maths Previous Puzzles

02 Jul 2018 Compound Interest What would be compound interest (compounded annually) on a sum of Rupees 2018 at the rate of 7% for a period of 2 years?: OPtion
1) 2310.41
2) 2318.05
3) 0300.50
4) 2210.41
5) 2320.41
6) 2300.41
7) 0292.41
8) 2282.41
9) 2297.41
10)None of these; Correct Option: 7 Best Solution (6)

G.S.Kantharao 6 years AGO

Compound Intrest=2018(1+7/100)^2-2018
=2018*1.07*1.07 -2018
=₹292.41
Hence the right option 7👈

Like? Yes (3) | No

KANIMOZHI M 6 years AGO

P=2018
T=2 years
R=7%

AMOUNT =P(1+R/100)^T
=2018(1+(7/100))^2
=2310.4082
COMPOUND INTEREST = AMOUNT - PRINCIPLE
= 2310.4082 - 2018
=292.41

Like? Yes (3) | No

raksha s shetty 6 years AGO

CI=P(1+R/100)^n -P
R=7%
P=2018
n=2
cI= 292.41

Like? Yes (1) | No

Dhiviyarasi E 6 years AGO

2018 7% 2 years
t=2yrs
a=[2018*(1+7/100)^2]
=2018* 107/100 *107/100
=2310.4082
=0292.41

Like? Yes (1) | No

ruby 6 years AGO

Compound Interest = P(1+R/100)^N - P
= 2018*(1+7/10)^2 - 2018
= 2018*1.07*1.07 -2018 = 2310.4082-2018 = 292.4082
Hence option 7

Like? Yes | No

Vivek Ratan 6 years AGO

the ans is 292.41

Like? Yes | No

Dimple

India

Punjab

Time: 00:01:33

Points

Maths Quotes

There r few things whch we knw whch r nt capable of mathmatical reasoning nd when these can nt it is a sign dt our knowledge of them is very smal nd confusd nd where a mathmaticl reasing can be had . It is as dark a foly to make use a candle stick as to g

Unknown

please send me wipro question papers my ema in last 5 years and also tcs papers my email id is suresh85000@gmail.com

suresh

Placed User Comments

M4Math helped me a lot.

Vipul Chavan 4 years ago

Thanks m4 maths for helping to get placed in several companies.
I must recommend this website for placement preparations.

yash mittal 5 years ago

What would be compound interest (compounded annually) on a sum of Rupees 2018 at the rate of 7% for

M4maths Previous Puzzles

02 Jul 2018 Compound Interest