Question
What will Rs. 40,000 amounts to in 3 years at the rate
of 20% p.a., if interest is compounded yearly?Solution
A =P(1+r/100) n =40000(1+20/100)3 =40000×6/5 ×6/5×6/5 =320×216 =69120.
More Compound Interest Questions
- Which letter and number cluster will replace the question mark (?) to complete the given series?
LT6, KU12, IW24, FZ48, ____ - Which letter-cluster will replace the question mark (?) in the following series?
RGV, UME, ?, AYW, DEF - A series is given with one term missing. Choose the correct alternatives from the given ones that will complete the series.
57, 59, 56, 61, 54, ___ - Select the number from among the given options that can replace the question mark (?) in the following series.
17, 18, 22, 31, 47, ___ - Which letter-cluster will replace the question mark (?) in the following series?
NPQR, OORQ, PNSP, ____, RLUN
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