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) A sum of Rs. 30000 is invested for 3 years at 7.5%compound interest, what is the sum after one year?A) Rs.32250 B) Rs.32200 C) Rs.32100 D) Rs.30500 |
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Answer» <P> = P(1+R/100)^T = Rs.30000(1+7.5/100)^1 = Rs.30000(1+75/1000)^1 = 30000×43/40 = Rs.750×43 = Rs.32250 hence ANSWER is Rs.32250 (A) |
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