A) Rs 244.83
B) Rs 232.12
C) Rs 212
D) None of the above
Correct Answer: A
Solution :
Here P = 4000, r = 24 and \[t=\frac{3}{12}\] \[\therefore \] \[CI=P\,\left[ {{\left( 1+\frac{r}{100\times 12} \right)}^{12\times t}}-1 \right]\] \[=4000\left[ \,{{\left( 1+\frac{24}{100\times 12} \right)}^{12\times \frac{3}{12}}}-1 \right]\] \[=400\,\left[ {{\left( \frac{51}{50} \right)}^{3}}-1 \right]=\frac{4000\times 7651}{50\times 50\times 50}=\text{Rs}\,244.83\]
You need to login to perform this action.
You will be redirected in
3 sec
