If Roshan lent Rs. 6,000 at 9% per annum compound interest, what will be the amount needs to pay after 2 years?
Show answer & explanation
Correct answer: C
Explanation
Principal (P) = ₹6,000, Rate (R) = 9% per annum, Time (T) = 2 years
= 6,000 × (11,881/10,000) = ₹7,128.60