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    Question

    A man invested Rs.75000 in a fixed deposit scheme for 3

    yrs at CI of 8% p.a. How much will a man get on maturity of the fixed deposit? 
    A 94478.4 Correct Answer Incorrect Answer
    B 89627.8 Correct Answer Incorrect Answer
    C 98381.55 Correct Answer Incorrect Answer
    D 87491.84 Correct Answer Incorrect Answer

    Solution

     A =  [1+ r/t ]t A = 75000[1+ 8/100 ]3 A = 75000 [ 108/100 ]3 A =75000 X108/100   X108/100  X108/100   = Rs.94478.4

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