A) Rs. 1709.25
B) Rs. 1685.65
C) Rs. 1804.25
D) Rs. 1525.65
E) None of these
Correct Answer: A
Solution :
\[CI=P\left[ {{\left( 1+\frac{R}{100} \right)}^{T}}-1 \right]\] \[=5300\left[ {{\left( 1+\frac{15}{100} \right)}^{2}}-1 \right]\] \[=5300\left[ {{(1.15)}^{2}}-1 \right]\] \[=5300(1.3225-1)\] \[=5300\times 0.3225\] \[=Rs.1709.25\]You need to login to perform this action.
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