If the rate of interest be 4% per annum for first year, 5% per annum foe second year and 6% per annum for third year, then the compound interest of Rs.10000 for three years will be ?
A. Rs. 1575.20
B. Rs. 1600
C. Rs. 1625.80
D. Rs. 2000
Answer: Option A
Solution(By Examveda Team)
$$\eqalign{ & {\text{ = Rs}}.10000\left[ {\left( {1 + \frac{4}{{100}}} \right)\left( {1 + \frac{5}{{100}}} \right)\left( {1 + \frac{6}{{100}}} \right)} \right] \cr & = {\text{Rs}}.\left( {10000 \times \frac{{26}}{{25}} \times \frac{{21}}{{20}} \times \frac{{53}}{{50}}} \right) \cr & = {\text{Rs}}.\left( {\frac{{57876}}{5}} \right) = {\text{Rs}}.11575.20 \cr & {\text{C}}{\text{.I}}{\text{. = Rs}}{\text{.}}\left( {11575.20 - 10000} \right) \cr & \,\,\,\,\,\,\,\,\, = {\text{Rs}}.1575.20 \cr} $$Related Questions on Compound Interest
A. Rs. 120
B. Rs. 121
C. Rs. 122
D. Rs. 123
E. None of these
A. 625
B. 630
C. 640
D. 650
E. None of these
A. Rs. 2160
B. Rs. 3120
C. Rs. 3972
D. Rs. 6240
E. None of these
A. Rs. 2.04
B. Rs. 3.06
C. Rs. 4.80
D. Rs. 8.30
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