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Home Aptitude Compound Interest See What Others Are Saying!
  • Question
  • What amount will be received on a sum of Rs 15000 in 1 1/ 4 yr at 12% pa, if interest is compounded quarterly?


  • Options
  • A. Rs 16596.88
  • B. Rs 16789.08
  • C. Rs 17630.77
  • D. Rs 17389.12

  • Correct Answer
  • Rs 17389.12 

    Explanation

    Given, P = Rs 15000, R = 12 %
    and n = 11/4 = 5/4 Yr
    According to the formula,
    Amount = p [1 + R/(100 x 4)]4n
    = 15000 x [1 + 12/(100 x 4)]4 x 5/4
    = 15000(412/400)5
    = 15000 (103/100)5
    = 15000 x (103/100) x (103/100) x (103/100) x (103/100) x (103/100)
    = (15 x 103 x 103 x 103 x 103 x 103) / 10000000
    = Rs 17389.111
    = Rs 17389.12 (approx )


  • More questions

    • 1. 
      The value of 47 / 10000 is?

    • Options
    • A. .0047
    • B. .0470
    • C. .00047
    • D. .000047
    • Discuss
    • 2. If 4x = 18y, then the value of ( x/y - 1) is

    • Options
    • A. 1 3
    • B. 7 2
    • C. 2 3
    • D. 3 2
    • Discuss
    • 3. 
      If the price of 23 toys is Rs. 276, then what will the price (Rs.) of 12 toys?

    • Options
    • A. 144
    • B. 158
    • C. 159
    • D. 166
    • Discuss
    • 4. 
      .02 =(......?.....)%

    • Options
    • A. 20
    • B. 2
    • C. .02
    • D. .2
    • Discuss
    • 5. 
      If 36 men can do a piece of work in 25 hours, in how many hours will 15 men do it?

    • Options
    • A. 45
    • B. 55
    • C. 60
    • D. 72
    • Discuss
    • 6. 
      2?63 / 11 =233

    • Options
    • A. 4
    • B. 3
    • C. 6
    • D. 5
    • Discuss
    • 7. 
      When 121012 is divided by 12, the remainder is

    • Options
    • A. 0
    • B. 2
    • C. 3
    • D. 4
    • Discuss
    • 8. 
      Aarti can do a piece of work in 6 days. In how many days will she complete three time of work of same type?

    • Options
    • A. 18 days
    • B. 21 days
    • C. 3 days
    • D. 6 days
    • Discuss
    • 9. 
      750.0003 ÷ 19.999 =?

    • Options
    • A. 49
    • B. 18
    • C. 22
    • D. 38
    • Discuss
    • 10. 
      105, 85, 60, 30, 0, - 45, - 90?

    • Options
    • A. 0
    • B. 85
    • C. -45
    • D. 60
    • Discuss


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