Home

Find compound interest on Rs. 8000 at 15% per annum for 2 years 4 months, compounded annually.

A. 3109

B. 3210

C. 3901

D. 1309

Study and Earn Android App
Share this question with your friends

Correct Answer : A.


            Time = 2 years 4 months = 2(4/12) years = 2(1/3) years.                                                                                     Amount = Rs'. [8000 X (1+­(15/100))2 X (1+((1/3)*15)/100)]


                                 =Rs. [8000 * (23/20) * (23/20) * (21/20)]


                                 = Rs. 11109.                            .


                      :. C.I. = Rs. (11109 - 8000) = Rs. 3109.

Please do not use chat terms. Example: avoid using "grt" instead of "great".

Submit
Load More..

Also checkout

Phylum - Reptilia MCQ Statutory Deductions MCQ Construction Planning and Management MCQ Decimal Fraction MCQ Chemical Kinetics MCQ World History MCQ Design of Steel Structures MCQ Nuclear Chemistry MCQ Series MCQ Gravitation MCQ Synonyms MCQ C++ Programming MCQ