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    Question

    Neena invested Rs.15000 in a fixed deposit scheme for 2

    yrs at CI of 9% p.a. How much will Neena get on maturity of the fixed deposit?┬а
    A Rs.17521.2 Correct Answer Incorrect Answer
    B Rs.17042.6 Correct Answer Incorrect Answer
    C Rs.17489.5 Correct Answer Incorrect Answer
    D Rs.17821.5 Correct Answer Incorrect Answer

    Solution

    A = P[1+ R/100]t A = 15000[1+ 9/100]2 A = 15000 [ 109/100]2 A = 15000 ├Ч┬а 109/100 ├Ч┬а 109/100 = Rs.17821.5

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