Sainik School Entrance Exam 2019 Solved Paper

Question : 32 of 150

Marks: +1, -0

What will be the amount and compound interest on ₹ 5000 in 3 years if the rate of interest is

4 \%

for the first year,

3 \%

for the second year and

2 \%

for the third year

Solution:

(a) Required amount

=5000(1+{4}/{100})(1+{3}/{100})(1+{2}/{100})

=5000 ×{104}/{100} ×{103}/{100} ×{102}/{100}

=₹ 5463.12

Hence, compound interest

=5463.12-5000=463.12 .

Go to Question:

Prev Question

Next Question