UPSC
Government Jobs Exams
Numerical Ability
What would be the compound interest accrued on an amount of Rs. 8000 at the rate of 15% p.a. in three years?
Read Solution (Total 5)
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- Compound Interest after 3 years will be:
[8000*(23/20)^3]-8000=4167 Rs. - 9 years agoHelpfull: Yes(1) No(0)
- 12167
8000×(115/100)^3=12167 - 9 years agoHelpfull: Yes(0) No(0)
- 4167 using the formula A= P (1+R/100)^t.
Interest = Amount -Principal - 9 years agoHelpfull: Yes(0) No(0)
- [8000*(115/100)^3-1]
8000*(1.520875-1)
8000*0.520878
4167rs - 9 years agoHelpfull: Yes(0) No(0)
- 4167
CI=P[(1+i)ˆn-1]
P=Principal Amount
n=No of year
i= Annual Interest rate
CI=8000*[(1+0.15)ˆ3-1]
CI=8000*[1.5208-1]
CI=8000*0.5208
CI=4167 - 5 years agoHelpfull: Yes(0) No(0)
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