Practicing Success
What will be the compound interest on Rs. 10000 at the rate of 10% per annum in 4 years? |
Rs. 4000 Rs. 4355.20 Rs. 4641 Rs. 4731 |
Rs. 4641 |
At the rate of 10% per annum: The effective rate of interest for 4 yeras = 46.41% Therefore, C.I. will be = 10000 × 46.41% = Rs.4641 |