Compound Interest

Quantitative Aptitude (CDS) CDS Exam

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Indian Economy - Understanding the basics of Indian economic system

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In what time will Rs 390625 amount to Rs 456976 at 4% compound interest?

4

5

6

8

Explanation:

P(1+r/100)^t = A
390625(1+4/100)^t = 456976
(1+1/25)^t = 456956 / 390625
(26/25)^t = (26/25)⁴
T = 4

Hence, option 1 is the correct answer.

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