Challenger App

No.1 PSC Learning App

1M+ Downloads
What amount will Jatin get at the end of 3 years if he has invested Rs. 5000 and the rate of interest is 4% for the first year, 3% for the second year and 2% for the third year?

ARs. 5460

BRs. 5403.12

CRs. 5463.12

DRs. 5460.12

Answer:

C. Rs. 5463.12

Read Explanation:

Amount = Principal × (1 + r1/100) × (1 + r2/100) × (1 + r3/100) = 5000 × (1 + 4/100) × (1 + 3/100) × (1 + 2/100) = 5463.12


Related Questions:

The simple interest on a sum of money at 10% per annum for 2 years is Rs. 8,100. Compounded annually, what would be the compound interest (in Rs.) on the same sum for the same period at the same rate of interest?
A trader invests ₹50,000 at an annual compound interest rate of 6%. Find half of compound interest received after 3 years.
The C.I. on a certain sum of money for the 4th year at 8% p.a. is Rs. 486. What was the compound interest for the third year on the same sum at the same rate?
The compound interest on a certain sum at 4% per annum (compounded annually) for 2 years is ₹ 102. On the same principal at the same rate for the same time, the simple interest will be:
രാജൻ 5000 രൂപ 6% നിരക്കിൽ 2 വർഷത്തേക്ക് സാധാരണ പലിശ കണക്കാക്കുന്ന ആളിൽ നിന്ന് വായ്പയെടുത്തു. എന്നാൽ അജിത് ഇതേ തുക ഇതേ നിരക്കിൽ കൂട്ടുപലിശ കണക്കാക്കുന്ന ബാങ്കിൽ നിന്ന് വായ്പയെടുത്തു. 2 വർഷം കഴിയുമ്പോൾ രണ്ടുപേരുടേയും പലിശയിലുള്ള വ്യത്യാസമെത്ര?