Multiple Choice Questions on In what time will Rs 1000 become Rs 1331 at 10 per annum compounded annually ........ for Mathematics - All Exams Preparation

Back to Main Page

Multiple Choice Questions

In what time will Rs 1000 become Rs 1331 at 10 per annum compounded annually ........

Quantitative Aptitude ( CCS) Compound Interest
  • 503 views
Add to Study Deck Download Solution PDF

In what time will Rs.1000 become Rs.1331 at 10% per annum compounded annually?

2 yrs

Incorrect Answer

3 yrs

Correct Answer

4 yrs

Incorrect Answer

5 yrs

Incorrect Answer
छोटे Courses बड़े Results
Master Compound Interest
Prepare through Micro-courses
Try Now
Explanation:

Principal = Rs.1000;

Amount = Rs.1331;

Rate = Rs.10%p.a.

Let the time be n years.Then

[1000(1+10/100)n;] = 1331.

= (1331/1000) = (11/10)3

Therefore n = 3 years.

Hence, option 2 is the correct answer.

Let's Discuss

Master
Compound Interest
With abhipedia
Micro Courses
Try Now
What our students have to say
Download Abhipedia Android App

Access to prime resources

Downlod from playstore
download android app download android app for free