📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      What will be the amount payable on Maturity of ₹2,000 invested for a period of three years.30% p.a. interest compounded yearly?

      A ₹4,394 Correct Answer Incorrect Answer
      B ₹4,388 Correct Answer Incorrect Answer
      C ₹4,398 Correct Answer Incorrect Answer
      D ₹4,384 Correct Answer Incorrect Answer

      Solution

      Amount payable on the maturity. 2000(1 + 30/100)3 = 2000 x 1.33 =2000 x 2.197 = 4394 Rs. Rs. 4394 will be the amount payable on maturity if Rs. 2,000 is invested for a period of three years at 30% p.a. interest compounded yearly.

      Practice Next
      More Previous year papers Questions

      Relevant for Exams:

      ask-question