Multiple Choice Questions on Find the compound interest on a principal amount of Rs 3000 after 2 years if the rate of interest fo........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Find the compound interest on a principal amount of Rs 3000 after 2 years if the rate of interest fo...........

Quantitative Aptitude ( CCS) Compound Interest
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    Find the compound interest on a principal amount of Rs.3000 after 2 years, if the rate of interest for the 1st year is 5% and for the 2nd year is 7%.

    Rs.3500
    Incorrect Answer
    Rs.4255
    Incorrect Answer
    Rs.2488
    Incorrect Answer

    Rs.3741

    Correct Answer
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    Explanation:

    CI= 3000(105/100)(107/100)-3000
    =6741-3000=3741

    Hence, option 4 is the correct answer.

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