New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    P deposited ₹31250 in a bank at the rate of 8% compound

    interest compounded annually. Find the interest received by P after 3 years.
    A Rs 7275 Correct Answer Incorrect Answer
    B Rs 10080 Correct Answer Incorrect Answer
    C Rs 8116 Correct Answer Incorrect Answer
    D Rs 9362 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Interest received after 3 years = 31250 {(1 + 8/100) 3 - 1} = Rs 8116

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