Multiple Choice Questions on If in 3 years at simple interest the principal increases by 15 What will be the approximate compound........... for SSC CGL Exam Preparation

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Multiple Choice Questions

If in 3 years at simple interest the principal increases by 15 What will be the approximate compound...........

Quantitative Aptitude (CGL) Compound Interest
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    If in 3 years at simple interest the principal increases by 15%. What will be the approximate compound interest earned (in Rs lakhs) on Rs 15 lakhs in 3 years at the same rate?

    7.81

    Incorrect Answer

    2.87

    Incorrect Answer

    2.36

    Correct Answer

    3.38

    Incorrect Answer
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    Explanation:

    simple interest rate =5% per year
    cp in same interest=15(1-5/100)^3=2.36 lakh 

    By: MIRZA SADDAM HUSSAIN
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