Correct Answer - Option 4 : 81
Profit
Given:
Principal = Rs. 22,500
Rate = 6%
Time = 2 years
Formula used:
SI = (P × R × T)100
Amount = P [(1 + r/100)n
CI = Amount – Principal
Calculation:
SI = (22,500 × 6 × 2)/100
⇒ 2700%
Now,
According to the question
Amount = 22,500 [(1 + 6/100)2]
⇒ (22,500 × 53/50 × 53/50)
⇒ (9 × 53 × 53)
⇒ Rs. 25,281
CI = Amount – Principal
⇒ (25,281 – 22,500)
⇒ 2781
Now,
Profit = (2781 – 2700)
⇒ 81
∴ The required profit is 81