Multiple Choice Questions on Nikita invested Rs 8000 for 3 years at 5 at CI in a post office If the interest is compounded ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Nikita invested Rs 8000 for 3 years at 5 at CI in a post office If the interest is compounded ...........

Quantitative Aptitude ( CCS) Compound Interest
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     Nikita invested Rs. 8000 for 3 years at 5% at CI in a post office. If the interest is compounded once in a year, what sum will she get after 3 years?

    Rs. 9261

    Correct Answer

    Rs. 8265

    Incorrect Answer

    Rs. 9365

    Incorrect Answer

    None of these

    Incorrect Answer
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    Explanation:

     8000 * 105% * 105% * 105% = 9261 Rs.

    By: Deepak Dawra
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