A) Rs. 343.95
B) Rs. 324.95
C) Rs. 354.95
D) Rs. 334.95
Correct Answer: D
Solution :
[d] \[\because \]P = Rs. 5500, r = 3% and n = 2 yr \[\therefore \] \[A=P\,{{\left( 1+\frac{r}{100} \right)}^{n}}\] \[=5500{{\left( 1+\frac{3}{100} \right)}^{2}}\] = Rs. 5834.95 Hence, \[CI=A-P=(5834.95-5500)\] = Rs. 334.95 |
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