The compound interest on Rs. 5000 for 3 years at 10% p.a. will amount to = ?
A. Rs. 1654
B. Rs. 1655
C. Rs. 1600
D. Rs. 1565
Answer: Option B
Solution(By Examveda Team)
$$\eqalign{ & {\text{Principal = Rs. 5000}} \cr & {\text{Time = 3 years}} \cr & {\text{Rate = 10}}\% {\text{ = }}\frac{1}{{10}} \cr & {\text{Principal}}\,\,\,\,\,\,\,{\text{Amount}} \cr & \,\,\,\,\,\,\,\,\,\,{\text{10}}\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,{\text{11}} \cr & \,\,\,\,\,\,\,\,\,\,{\text{10}}\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,{\text{11}} \cr & \,\,\,\,\,\,\,\,\,\,{\text{10}}\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,{\text{11}} \cr & \underbrace {\overline {\,\,\,\,\,\,1000\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,{\text{1331}}\,\,\,\,\,} }_{331{\text{ units}}} \cr & \Rightarrow 1000{\text{ units = Rs 5000}} \cr & \Rightarrow 1{\text{ units = Rs 5}} \cr & \Rightarrow 331{\text{ units = 331}} \times {\text{5}} \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,{\text{ = Rs. 1655}} \cr} $$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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