What would be the compound interest accrued on an amount of Rs. 8400 @ 12.5 p.c.p.a at the end of 3 years ?
A. Rs. 2584.16
B. Rs. 3560.16
C. Rs. 3820.14
D. Rs. 4205.62
E. None of these
Answer: Option B
Solution(By Examveda Team)
$$\eqalign{ & {\text{Amount}} \cr & {\text{ = Rs}}{\text{.}}\left[ {8400 \times {{\left( {1 + \frac{{25}}{{2 \times 100}}} \right)}^3}} \right] \cr & = {\text{Rs}}{\text{.}}\left( {8400 \times \frac{9}{8} \times \frac{9}{8} \times \frac{9}{8}} \right) \cr & = {\text{Rs}}{\text{.}}\left( {\frac{{382725}}{{32}}} \right) \cr & = {\text{Rs}}.11960.156 \approx {\text{Rs}}.11960.16 \cr & {\text{C}}{\text{.I}}{\text{.}} = {\text{Rs}}{\text{.}}\left( {11960.16 - 8400} \right) \cr & = {\text{Rs}}{\text{.}}\,3560.16 \cr} $$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
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B. Rs. 3.06
C. Rs. 4.80
D. Rs. 8.30
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