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At 5% compound interest per annum the compound interest on Rs. 10000 for 3 years isA. Rs. 1567.25B. Rs. 1567.52C. Rs. 1657.25D. Rs. 1576.25 |
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Answer» Correct Answer - D Rs. 1576.25 The required compound interest `=Rs. 10000(1+5/100)^(3)-Rs. 10000` `=Rs. 10000(1+1/20)^(3)-Rs. 10000` `=Rs. 10000{(21/20)^(3)-1}` `=Rs. 1000(9261/8000)-1` `=Rs. 10000xx1261/8000` `=Rs. (10xx1261)/8=Rs. 176.25` `:.` d is the correct answer. |
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