Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Compound Interest

Question:

Find the compound interest on a sum of Rs.225000 for two years at the rate of 2% per annum.

Options:

9090

9909

9999

9099

Correct Answer:

9090

Explanation:

Compound Interest = 4500 + 4500 + 90 = 9090