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The compounds interest earned in the 5th year is Rs. 900. If the rate of interest in 25% and interest is compounded annually, then what will be the compound interest (in Rs.) earned in the 6th year?

Option 1 -

1225

Option 2 -

1230

Option 3 -

1125

Option 4 -

1175

0 2 Views | Posted a month ago
Asked by Shiksha User

  • 1 Answer

  • P

    Answered by

    Payal Gupta | Contributor-Level 10

    a month ago
    Correct Option - 3


    Detailed Solution:

    CI 6th year = CI 5th year * 1.25

    = 900*1.25

    = Rs. 1125

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