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    Question

    What will be the net CI on Rs. 10000 for 4 years at 10%

    p.a compounded annually?
    A Rs 4641 Correct Answer Incorrect Answer
    B Rs 21472 Correct Answer Incorrect Answer
    C Rs 9280.5 Correct Answer Incorrect Answer
    D Rs 16104 Correct Answer Incorrect Answer

    Solution

    Net CI for 2 years = 10 + 10 + (10 x 10/100) = 21% So Net CI for 4 years = 21 + 21 +(21 x 21/100) 42 + 4.41 = 46.41% Hence net CI = 46.41% of Rs. 10000 = Rs. 4641

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