What would would be C.I. obtained on an amount of Rs. 4800 at rate of 5 p.c.p.a for 3 years (In Rs.

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6.Interest

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What would would be the $C.I.$ obtained on an amount of $Rs. 4800$ at the rate of $5$ $p.c.p.a$ for $3$ years (In $Rs.$)?

A

$448.7$

B

$817.8$

C

$623.5$

D

$756.6$

Solution

$C I=P\left[\left(1+\frac{R}{100}\right)^{n}-1\right]=4800\left[\left(1+\frac{5}{100}\right)^{3}-1\right]=\operatorname{Rs} .756 .6$

Standard 13

Quantitative Aptitude

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