What will be amount (In ₹) received on 25000 at the rate of 20 % per annum compounded yearly

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6.Interest

easy

What will be the amount (In ₹) received on $25000$ at the rate of $20 \%$ per annum compounded yearly for $4$ years?

$51840$

$50350$

$53550$

$48750$

Solution

(a) $p=₹ 25,000 r=20 \%, n=4$

$\begin{aligned} \text { Amount } &= P \left[1+\frac{ r }{100}\right]^{ n } \\ &=25000\left[1+\frac{20}{100}\right]^{4} \\ &= Rs .51,840 \end{aligned}$

Standard 13

Quantitative Aptitude

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medium

What will be the amount (In ₹) received on $25000$ at the rate of $20 \%$ per annum compounded yearly for $4$ years?

Solution

Similar Questions

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