Renu Bala deposits Rs 1200 now, Rs 800 two years from now and Rs 1000 five years from now. If the savings bank's rate of interest in 5%, she will receive an amount of Rs X 10 years from now, where X is
Options
A. Rs 3415
B. Rs 4225
C. Rs 4413
D. Rs 4826
Correct Answer
Rs 4413
Engineering Economy problems
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1. Pick up the correct statement from the following:
Options
A. The difference between sales revenue and cost of goods sold, is known as 'Gross Profit.'
B. The gross profit percentage is the average profit margin obtained on goods sold.
C. The relationship of contribution to sales is known as contribution ratio
D. The difference between sales and variable cost of sales, is called contribution.
8. If a seller recovers his capital along with accumulated compensating interest not in one single lumpsum payment but in periodical equal payments, over time :