Multiple Choice Questions on The CI on Rs 7000 for 3 years at 5 for first year 7 for second year 10 for the third year will be ........ for UPPCS Exam Preparation

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Multiple Choice Questions

The CI on Rs 7000 for 3 years at 5 for first year 7 for second year 10 for the third year will be ........

Elelmentary Mathematics (UPPCS) Compound Interest
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    The CI on Rs.7000 for 3 years at 5% for first year, 7% for second year, 10% for the third year will be

    Rs.1800

    Incorrect Answer

    Rs.1530

    Incorrect Answer

    Rs.1651

    Correct Answer

    Rs.2050

    Incorrect Answer
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    Explanation:

    A = 7000*105/100*107/100*110/100
    = 7000*1.05*1.07*1.1
    = 8650.95 = 8651
    CI = 8651-7000 = 1651

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