Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Compound Interest

Question:
Raju invested Rs. 77500 in ICICI bank. In two years how much compound interest will he get, if the first year rate of interest was 10% and second year had 2% more than first year?
Options:
Rs. 17850
Rs. 17980
Rs. 18963
Rs. 16880
Correct Answer:
Rs. 17980