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What approximate amount of compound interest can be obtained on an amount of Rs. 9,650/- at the rate of 6 p.c.p.a. at the end of 3 years?
- ARs. 1,737
- BRs. 1,920
- CRs. 1,720
- DRs. 1,860
Answer not set
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CCommunity
Solution
C.I. = $P[{1 + \frac{R}{100}}^T - 1]$
= $9650 [(1 + \frac{6}{100})^3 - 1]$
= $9650 [(1.06)^3 - 1] = 9650 [1.1910 - 1]$
= $9650 \times 0.191$
= Rs.$ 1,843.15 \approx$ Rs. $1,843$
C.I. = $P[{1 + \frac{R}{100}}^T - 1]$
= $9650 [(1 + \frac{6}{100})^3 - 1]$
= $9650 [(1.06)^3 - 1] = 9650 [1.1910 - 1]$
= $9650 \times 0.191$
= Rs.$ 1,843.15 \approx$ Rs. $1,843$
0
CCommunity
Solution
C.I. = $P[{1 + \frac{R}{100}}^T - 1]$
= $9650 [(1 + \frac{6}{100})^3 - 1]$
= $9650 [(1.06)^3 - 1] = 9650 [1.1910 - 1]$
= $9650 \times 0.191$
= Rs.$ 1,843.15 \approx$ Rs. $1,843$
C.I. = $P[{1 + \frac{R}{100}}^T - 1]$
= $9650 [(1 + \frac{6}{100})^3 - 1]$
= $9650 [(1.06)^3 - 1] = 9650 [1.1910 - 1]$
= $9650 \times 0.191$
= Rs.$ 1,843.15 \approx$ Rs. $1,843$