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If the amount on a certain principal in 3 years at 12% rate of interest compounded annually is Rs. 12,000, what will be the amount (in Rs.) after the 4th year?
- A14330
- B15440
- C13440
- D14550
Answer not set
Discussion 1
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CCommunity
The amount after 4th year is
⇒ 12000 × (1 + 0.12) = 13440
∴ Amount after 4th year is Rs. 13440.
⇒ 12000 × (1 + 0.12) = 13440
∴ Amount after 4th year is Rs. 13440.