Mathematics
NULL
Medium
Question
Interest is 4% in year 1, 5% in year 2 and 6% from year 3. Find CI on Rs.10000 for 3 years.
A
Rs 1575.20
✓ Official correct answer
B
Rs 1600
C
Rs 1625.80
D
Rs 2000
Community credibility
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A
Rs 1575.20
No member explanations yet for this option.
B
Rs 1600
No member explanations yet for this option.
C
Rs 1625.80
No member explanations yet for this option.
D
Rs 2000
No member explanations yet for this option.
Explanation
Amount = 10000 × 1.04 × 1.05 × 1.06 = 11575.20. CI = Rs.1575.20.