Multiple Choice Questions on What sum of money will amount to rupees 1124 76 in 3 years if the rate of interest is 5 for the firs........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

What sum of money will amount to rupees 1124 76 in 3 years if the rate of interest is 5 for the firs...........

Quantitative Aptitude ( CCS) Compound Interest
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    What sum of money will amount to rupees 1124.76 in 3 years, if the rate of interest is 5% for the first year, 4% for the second year and 3% for the third year?

    1500

    Incorrect Answer

    1200

    Incorrect Answer

    1000

    Correct Answer

    1900

    Incorrect Answer
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    Explanation:

    1124.76 = p*(105/100)*(104/100)*(103/100) = 1000

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