Question

. Asha invests Rs 8000 at a certain rate for 3 years compounded annually . She finds at the end of one years it amounts to Rs 9200.On the basis of above information answer the following questions : (a) Rate of interest is : ( I ) 5 % ( ii ) 10 % ( iii ) 15 % (iv ) 12 % (b) Interest accrued in second year : ( I ) 1200 ( ii ) 1380 ( iii ) 460 (iv ) 920 (c) Amount at the end of third year : ( I ) 12167 ( ii ) 11132 ( iii ) 10580 (iv ) 10920 (d) In what time Rs 8000 will amount to Rs 8820 at 5 % p.a. compounded annually ? ( I ) 3 yrs ( ii ) 2 yrs ( iii ) 1 year (iv ) 4 yrs (e) For a given rate of interest and time, what is more profitable to the depositor ? ( I ) Compound interest ( ii ) Simple interest ( iii ) Both are equally profitable (iv ) Can not be determined​

Answer 1

Answer:

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