Home

In what time will Rs. 1000 become Rs. 1331 at 10% per annum compounded annually?

A. 1 year

B. 4 year

C. 3 year

D. 6 year

Study and Earn Android App
Share this question with your friends

Correct Answer : C.


Principal = Rs. 1000; Amount = Rs. 1331; Rate = 10% p.a. Let the time be n years.
Then, [ 1000 (1+ (10/100))n ] = 1331 or (11/10)n = (1331/1000) = (11/10)3


n = 3 years.

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

Submit
Load More..

Also checkout

Urology MCQ Phylum - Coelentrata MCQ Rearrangement Set 6 MCQ DBMS MCQ Transition Element MCQ Simplification MCQ Surds and Indices MCQ Problems on Trains MCQ Drawing Inference MCQ Chemical Engineering Thermodynamics MCQ Microsoft Word MCQ Letter and Symbol Series MCQ