Tech Mahindra
Company
Numerical Ability
Simple & Compound Interest
The amount of principal Rs.8000 at compound interest at the ratio of 5% p.a. for 3 years is
a) Rs.9621
b) Rs.6921
c) Rs.9261
d) Rs.6261
Read Solution (Total 2)
-
- c.i=p(1+r/100)^n
=8000(1+5/100)^3
=8000(21/20*21/20*21/20)
=Rs9261 - 8 years agoHelpfull: Yes(4) No(0)
- w.k.t CI=P[1+R/100]^N
=8000[1+5/100]^3
20^3[1+1/20]^3
=20^3[21/20]^3
=21^3
=9261 - 6 years agoHelpfull: Yes(0) No(0)
Tech Mahindra Other Question