The compound interest on Rs. 10000 at 20% p.a. in 4 years is :

The compound interest on Rs. 10000 at 20% p.a. in 4 years is :
Posted on 27-04-2023

Ques - The compound interest on Rs. 10000 at 20% p.a. in 4 years is :

(a) 10736

(b) 736

(c) 20736

(d) 7280

Solution - 

Given,

P = 10000

R = 20%

T = 4

A = P (1 + (r/100))n

A = 10000 (1 + (20/100))4

A = 10000 ((12/10))4

A = 10000 (20736/10000)

A = 20736

C.I. = Amount - Principal

C.I. = 20736 - 10000

C.I. = 10736

The compound interest is 10736.

Hence,

The correct answer is option (a) 10736.

Thank You

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