Question

If P = Rs.1,000,i = 5% p.a, n = 4; amount and C.I. is:
(a) Rs.1,215.50, Rs.215.50
(b)Rs.1,125, Rs.125
(c) Rs.2. 115, Rs. 115
(d)None of these​

Answer 1

Answer:

OPTION A IS THE CORRECT ANSWER

Answer 2

Step-by-step explanation:

P = Rs.1,000, rate of interest = 5%, n= 4

A = P ( 1 + r/100)^n

= 1000 ( 1 + 5/100)^4

= 1000 ( 1 + 1/20)^4

= 1000× 21/20×21/20×21/20×21/20

= 1215.51

CI = A - P

= 1215.51-1000

= 215.51

option A is the Answer

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