Book Online Demo
Check Your IQ
Try Test

Courses

Dropper NEET CourseDropper JEE CourseClass - 12 NEET CourseClass - 12 JEE CourseClass - 11 NEET CourseClass - 11 JEE CourseClass - 10 Foundation NEET CourseClass - 10 Foundation JEE CourseClass - 10 CBSE CourseClass - 9 Foundation NEET CourseClass - 9 Foundation JEE CourseClass -9 CBSE CourseClass - 8 CBSE CourseClass - 7 CBSE CourseClass - 6 CBSE Course
Offline Centres

Q.

Find the amount when Rs. 10,800 for 3 years at 12.5% per annum compounded annually.


see full answer

Start JEE / NEET / Foundation preparation at rupees 99/day !!

21% of IItians & 23% of AIIMS delhi doctors are from Sri Chaitanya institute !!
An Intiative by Sri Chaitanya

a

  Rs.15377.343

b

 Rs.15677.343

c

 Rs.15777.343

d

 Rs.15387.343 

answer is A.

(Unlock A.I Detailed Solution for FREE)

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Detailed Solution

Given,
Principle amount (P) = Rs. 10,800
Time (t) = 3 years
Rate (r) = 12.5%
We have found the end of three years amount
Put the value in the formula of compound interest
P = 10800, r = 12.5 and t = 3,
A=108001+12.51003
A=10800(1.125)3
A=10800(1.4238)
A= Rs. 15377.343
Hence, the end of three years amount = Rs. 15377.343
Correct option is 1.
 
Watch 3-min video & get full concept clarity
Related Blogs
Get ₹ 1 crore* worth scholarship for JEE / NEET / Foundation
Result Producing online coaching for JEE/NEET of south India
Largest All India Test Series for JEE/NEET
Best Books for IIT JEE
Best Books for NEET
How to Join IIT after 10th
score_test_img

Get Expert Academic Guidance – Connect with a Counselor Today!

Related Blogs
Get ₹ 1 crore* worth scholarship for JEE / NEET / Foundation
Result Producing online coaching for JEE/NEET of south India
Largest All India Test Series for JEE/NEET
Best Books for IIT JEE
Best Books for NEET
How to Join IIT after 10th
whats app icon
Find the amount when Rs. 10,800 for 3 years at 12.5% per annum compounded annually.