Multiple Choice Questions on What amount of compound interest can be obtained on an amount of Rs 1 000 at the rate of 10 p c p a ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

What amount of compound interest can be obtained on an amount of Rs 1 000 at the rate of 10 p c p a ...........

Quantitative Aptitude ( CCS) Compound Interest
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    What amount of compound interest can be obtained on an amount of Rs. 1,000 at the rate of 10 p.c.p.a. after 5 years?

    Rs. 610.51

    Correct Answer

    Rs. 650

    Incorrect Answer

    Rs. 590.20

    Incorrect Answer

    None of these

    Incorrect Answer
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    Explanation:

    C.I.=P[(1+(10/100)^5)-1] = 610.51

    Hence, option 1 is the correct answer.

    By: Amit Kumar
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