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    Question

    A man invested Rs.22000 in a fixed deposit scheme for 3

    yrs at CI of 5% p.a. How much will a man get on maturity of the fixed deposit? 
    A 25955.08 Correct Answer Incorrect Answer
    B 25467.75 Correct Answer Incorrect Answer
    C 25972 Correct Answer Incorrect Answer
    D 22813.13 Correct Answer Incorrect Answer

    Solution

     A =  [1+ r/t ]t A = 22000[1+ 5/100 ]3 A = 22000 [ 105/100 ]3 A =22000 X105/100   X105/100  X105/100   = Rs.25467.75

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