Direction: Study the following table carefully to answer the questions given below: | |||||
Name | Nature of Interest | Principal | Amount | Year | Rate (%) |
M | Compound | Rs.10000 | 4 | ||
N | Simple | Rs.29500 | 3 | ||
O | Compound | Rs.20000 | 2 | 3 | |
P | Simple | 4 | |||
Q | Compound | 5 | 2 |
A) Rs.19165.7
B) Rs.20320.9
C) Rs.21218
D) Rs.22418
E) Rs.25300.5
Correct Answer: C
Solution :
Amount \[=P{{\left( 1+\frac{R}{100} \right)}^{T}}=20000\times 1.03\times 1.03=\]Rs. 21218You need to login to perform this action.
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