Find the compound interest accrued on an amount of Rs.14,800 at 13.5% p.a at the end of two years.
Answer: D
CI = 14800{ [ 1 + 13.5/100]⊃2; - 1 }
= 14800 { [1 + 27/200]⊃2; - 1
= 14800 { 2 + 27/200}{27/200}
= (74)[2 + 27/200](27) =
1998[2 + 27/200] = 3996 + 269.73 = Rs. 4266