An amount of 6000 Rs. Lent at 5% per annum compound interest for 2 years will become :
Q. An amount of 6000 Rs. Lent at 5% per annum compound interest for 2 years will become :
Answer: 6615 Rs
Notes: $latex A = P(1 + \frac{R}{100})^{T}&s=1$ $latex = 6000(1 + \frac{5}{100})^{2}&s=1$ $latex = 6000\times \frac{21}{20}\times \frac{21}{20} = 6615\ Rs.&s=1$ Hence option [D] is correct answer.