RRB NTPC 17 January 2017 Paper

Question : 32 of 120

Marks: +1, -0

Mr. Murthy invested ₹ 16,000 in a scheme. How much will he get on maturity, if he invested it at 20% per annum compound interest for 9 months, compounded quarterly?

₹ 18,523
₹ 18,521
₹ 18.524
₹ 18,522

Validate

Solution:

(4) P = 16000, R = 20% p.a., R =20/4 = 5 % quarterly
T = 9 months ⇒ T =

9/12

× 4= 3 quarters

A = P \( 1 + { R }/ { 100 } ) ^ { n }

= 16000 \( 1 + { 5 } /{ 100 } \) ^ { 3 } = ₹ 18522

Go to Question:

Prev Question

Next Question