) 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
Answers
Answered by
3
Compound amount
= 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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