Compound Interest Practice Test 4

Question : 38 of 40

Marks: +1, -0

Find the amount received on Rs 620 at 120%p.a. for 3 months compounded monthly.

Solution:

Amount

=620(1+120/{12×100})^{3/12×12}

=620(11/10)^3

=620×11/10×11/10×11/10=825

Go to Question:

Prev Question

Next Question