Multiple Choice Questions on A sum of money of Rs 8000 is invested at rate of 40 p a for 1 year Find CI if rate is compounded qua........... for Insurance Services Examination Preparation

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Multiple Choice Questions

A sum of money of Rs 8000 is invested at rate of 40 p a for 1 year Find CI if rate is compounded qua...........

Quantitative Aptitude (Insurance) Compound Interest
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    A sum of money of Rs. 8000 is invested at rate of 40% p.a. for 1 year. Find CI if rate is compounded quarterly.

    Rs. 3600 

    Incorrect Answer

    Rs. 3712.8

    Correct Answer

    Rs. 3625.18 

    Incorrect Answer

    Rs. 3576.8

    Incorrect Answer

    Rs. 4200

    Incorrect Answer
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    Explanation:

    Rs. 3712.8 

    By: Parvesh Mehta
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