text: Question 104
  
  # What will be the compound interest on a sum of Rs. 7200 at 5 pcpa in 2 years ?
  
  Solution
  
  Compound Interest = $$7200(1+5\%)^{2}$$ (As C.I. = $$P(1+r\%)^{n}$$ Where P is the principal amount, r is the rate and n is the
  
  number of years)
  
  Hence, answer will be = 7200(1.05)(1.05) = 7938
  
  So interest will be = 7938-7200 = 738
  
  • Banking Quant Shortcuts PDF
  • Free Banking Study Material - (15000 Questions)
  • 135+ Banking previous papers with solutions PDF
metadata: {"found_math": true, "script_math_tex": 0, "script_math_asciimath": 0, "math_annotations": 0, "math_alttext": 0, "mathml": 0, "mathjax_tag": 0, "mathjax_inline_tex": 0, "mathjax_display_tex": 1, "mathjax_asciimath": 0, "img_math": 0, "codecogs_latex": 0, "wp_latex": 0, "mimetex.cgi": 0, "/images/math/codecogs": 0, "mathtex.cgi": 0, "katex": 0, "math-container": 0, "wp-katex-eq": 0, "align": 0, "equation": 0, "x-ck12": 0, "texerror": 0}