The compound interest on Rs.2800 for 112112years at 10% per annum is:
Rs.3131
Rs.2929
Rs.3636
Rs.441.35
Explanation:
73 days is 1/5 th of an year.
C.I = Rs.[20480×(1+254×100)2(1+15×254×100)]−20480[20480×(1+254×100)2(1+15×254×100)]−20480
= Rs. [(20480×1716×1716×8180)]−20480[(20480×1716×1716×8180)]−20480
= Rs.2929
73 days is 1/5 th of an year.
C.I = Rs.[20480×(1+254×100)2(1+15×254×100)]−20480[20480×(1+254×100)2(1+15×254×100)]−20480
= Rs. [(20480×1716×1716×8180)]−20480[(20480×1716×1716×8180)]−20480
= Rs.2929