Find compound interest on Rs. 8000 at 15% per annum for 2 years 4 months, compounded annually
Options
A) 3109  B) 3115  C) 3250  D) 3500  E) 4000
Time = 2 yrs 4 mos = 2(4/12) yrs = 2(1/3) yrs.   Amount = Rs. [8000 X (1+(15/100))^2 X (1+((1/3)*15)/100)]   = Rs. 11109.   :. C.I. = Rs. (11109 - 8000) = Rs. 3109.   3109NSWER 3109
<result>A</result>
Find compound interest on Rs. 8000 at 15% per annum for 2 years 4 months, compounded annually