Curioustab
Aptitude
General Knowledge
Verbal Reasoning
Computer Science
Interview
Aptitude
General Knowledge
Verbal Reasoning
Computer Science
Interview
Home
»
Aptitude
»
Compound Interest
Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit?
Rs. 8600
Rs. 8620
Rs. 8820
None of these
Show Answer
Correct Answer:
Rs. 8820
Explanation:
Amount
= Rs.
[
8000 x
❨
1 +
5
❩
2
]
100
= Rs.
❨
8000 x
21
x
21
❩
20
20
= Rs. 8820.
← Previous
Next →
Discussion & Comments
No comments yet. Be the first to comment!
Name:
Comment:
Post Comment