A) Rs. 1654
B) Rs. 1655
C) Rs. 1600
D) Rs. 1565
Correct Answer: B
Solution :
[b] Required compound interest \[=P\left[ {{\left( 1+\frac{r}{100} \right)}^{3}}-1 \right]\] \[=5000\left[ {{\left( 1+\frac{10}{100} \right)}^{3}}-1 \right]\] \[=5000\times \left[ {{\left( \frac{11}{10} \right)}^{3}}-1 \right]\] \[=5000(1.331-1)\] \[=\text{Rs}.\,1655\] |
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