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    Question

    What will be the CI on a

    sum of Rs.50,000 after 3 years at the rate of 11%p.a?
    A Rs.18381.55 Correct Answer Incorrect Answer
    B Rs.17282.55 Correct Answer Incorrect Answer
    C Rs.18382.55 Correct Answer Incorrect Answer
    D Rs.18282.55 Correct Answer Incorrect Answer

    Solution

    CI = P[1+ R/100]t - P CI = 50000[1+ 11/100]3 - 50000 CI = 50000 [ 111/100]3 - 50000 CI = 50000 × 111/100 × 111/100 111/100 - 50000 = 68381.55 - 50000 = 18381.55

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