What would be the compound interest on Rs.7700/- at 15 ¼% per year for 2 years compounded annually Choices
A) 2527.57	B) 2257.57	C) 2572.57	D) 2752.57	E) 2725.57
Principal = Rs. 7700/-   time = 2 years   rate = 15 ¼%   2527.57mount = P(1+R/100)n   = 7700 × (1 + 61/(4 × 100)2)   = 7700 × [(1 + 61/400)2]   = 7700 × [(461/400)2)]   = 7700 × 461/400 × 461/400   = 7700 × 1.1525 × 1.1525   = 7700 × 1.32825625   = 10227.573125   C.I = 10227.573125 - 7700 = 2527.57/-   2527.57nswer is 2527.57.
<result>A</result>
What would be the compound interest on Rs.7700/- at 15 ¼% per year for 2 years compounded annually