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. 32321.5
B) Rs. 13248.97
C) Rs. 54974.19
D) Rs. 32863.24
E) Rs. 17952.35
Correct Answer: B
Solution :
Principal of \[Q=10000\times \frac{120}{100}=\]Rs. 12000 \[\therefore \]Amount of \[Q=12000{{\left( 1+\frac{2}{100} \right)}^{5}}\] \[=\frac{12000\times 102\times 102\times 102\times 102\times 102}{10000000000}\]You need to login to perform this action.
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