Multiple Choice Questions on Rs 6000 becomes Rs 7200 in 3 years at a certain rate of compound interest What will be the amount re........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Rs 6000 becomes Rs 7200 in 3 years at a certain rate of compound interest What will be the amount re...........

Quant (SSC) Compound Interest
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    Rs 6000 becomes Rs 7200 in 3 years at a certain rate of compound interest. What will be the amount received after 9 years?

    Rs 11,498

    Incorrect Answer

    Rs 10,352

    Incorrect Answer

    Rs 9,368

    Incorrect Answer

    Rs 10,368

    Correct Answer
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    Explanation:

    6000[1 + r/100]3 = 7200
    So [1 + r/100]3 = 6/5
    So 6000[1 + r/100]9 = 6000*(6/5)*(6/5)*(6/5) = Rs 10,368

    By: Amit Kumar
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