A) Rs. 854
B) Rs. 799
C) Rs. 843
D) Rs. 897
Correct Answer: D
Solution :
Compound Interest =56901 \[\left[ {{\left( 1+\frac{5}{100} \right)}^{3}}-1 \right]\] \[=5690\left[ {{\left( \frac{105}{100} \right)}^{3}}-1 \right]\] \[=5690\times \left[ \left( \frac{21}{20}\times \frac{21}{20}\times \frac{21}{20} \right)-1 \right]=5690\times \left( \frac{9261}{8000}-1 \right)\] \[=\frac{5690\times 1261}{800}=Rs.\,896.88\approx Rs.897\]You need to login to perform this action.
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