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