Mathematics · Compound Interest

Find the compound interest on Rs. 13,000 in 2 years at 4% p.a., with interest compounded yearly.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Rs. 1060.80✓
2Rs. 997.60
3Rs. 1086.60
4Rs. 996.50

Correct answer

Rs. 1060.80

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Find the compound interest on Rs. 13,000 in 2 years at 4% p.a., with interest compounded yearly.

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Find the compound interest on Rs. 13,000 in 2 years at 4% p.a., with interest compounded yearly.

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