Correct Answer - Option 4 : ₹ 8112
Given:
P = 7500
R = 4%
T = 2 years
At compound interest
Formula:
A = \(P\left( {1 + \frac{r}{{100}}} \right)\)t
where,
A = Amount
P = Principle
r = Rate
T = Number of years
Calculation:
A = \(P\left( {1 + \frac{r}{{100}}} \right)\)t
⇒ A = 7500(1 + 4/100)2
⇒ A = 7500 (26/25)2
⇒ A = 7500 × 26/25 × 26/25
⇒ A = 12 × 26 × 26
⇒ A = 8112
