Mathematics · Compound Interest

Compute the compound interest when the principal amount is Rs. 4260, the rate of interest is 5% per annum, compounded annually, and the time period is 2 years.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Rs. 407.50
2Rs. 436.65✓
3Rs. 697.40
4Rs. 525.55

Correct answer

Rs. 436.65

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Compute the compound interest when the principal amount is Rs. 4260, the rate of interest is 5% per annum, compounded annually, and the time period is 2 years.

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Compute the compound interest when the principal amount is Rs. 4260, the rate of interest is 5% per annum, compounded annually, and the time period is 2 years.

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