Multiple Choice Questions on If a sum of Rs 15000 is placed at compound interest for 3 years while rate of interest for the first........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

If a sum of Rs 15000 is placed at compound interest for 3 years while rate of interest for the first...........

Quantitative Aptitude ( CCS) Compound Interest
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    If a sum of Rs. 15000 is placed at compound interest for 3 years while rate of interest for the first, second and third years is 6%, 8% and 10% respectively.Find the amount?

    Rs.15,889.0
    Incorrect Answer
    Rs.18,889.2
    Correct Answer
    Rs.2,225
    Incorrect Answer

    Rs.1,578.6

    Incorrect Answer
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    Explanation:

    Amount after 3 years,
    = 15000(106/100)(108/100)(110/100)
    =Rs.18,889.2

    Hence, opiton 2 is the correct answer.

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