📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    What will be the net CI on Rs. 12000 for 4 years at 10%

    p.a compounded annually?
    A Rs 5569.2 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. 12000 = Rs. 5569.2

    Practice Next
    ask-question