The simple interest (p.a.) accrued on an amount of INR 17000/- at the end of four year is INR 6800/-. What would be the compound interest (compounded annually) accrued on the same amount at the same rate after two years

  • Cannot be determined
  • Other than those given as options
  • INR 3570/-
  • INR 3260/-
  • INR 3980/-
  • Explanation:

    According to question

    r=6800×100/4×17000

    r=10%

    C.I=17000[(1+10/100)2-1]

    =17000[(11/10)2-1]

    17000[121-100/100]/100

    =17000×21/100= INR 3570/-

The simple interest (p.a.) accrued on an amount of INR 17000/- at the end of four year is INR 6800/-
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