Postal
Government Jobs Exams
Numerical Ability
if the 1st year's interest on a certain sum of money placed at 5% per annum compound interest is Rs. 1200,What will be the interest for the 3rd year?
a- 1220
b- 1323
c- 1423
d- 1330
Read Solution (Total 1)
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- b)1323
Interest for 1st year = 1200
Interest for 2nd year = 1200 + 1200*5/100 = 1260
Interest for 3rd year = 1260 + 1260*5/100 = 1323
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