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21 Jul 2019, 03:17
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D
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I deposited an amount of Rs. 20,000 at a 10% p.a. rate of interest compounded quarterly. What is the approximate amount due to me at the end of one year?
1. Rs 22,000
2. Rs 22,025
3. Rs 22,050
4. Rs 22,075
5. Rs 22,100
1. Rs 22,000
2. Rs 22,025
3. Rs 22,050
4. Rs 22,075
5. Rs 22,100
21 Jul 2019, 05:18
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Amount= 20000*((1+(0.1/4))^4=22076
So nearest will be 22075
Answer is D
Posted from my mobile device
So nearest will be 22075
Answer is D
Posted from my mobile device
