The compound interest accrued on an amount at the end of 3 years @ 15 p.c.p.a. is ₹ 6500.52. What is the… · ABC26GN4167

Subject: General Aptitude · Chapter: Compound Interest · Exam: S.B.I.P.O. 2008

The compound interest accrued on an amount at the end of 3 years @ 15 p.c.p.a. is ₹ 6500.52. What is the amount?

(a)₹ 10500

(b)₹ 12480

(c)₹ 13620

(d)₹ 14800

(e)None of these

Answer

Answer: B ✓ checked by 4AB · confidence high

The source book printed D; on checking, B is correct — see the explanation.

Printed D; 12480 × 0.520875 = 6500.52 exactly.

Explanation

CI = P[(1.15)³ − 1] = 0.520875P = 6500.52 ⇒ P = ₹12,480.

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