ABC26GN4167 · Compound Interest

Subject: General Aptitude · Chapter: Compound Interest · Exam: 2008 · Marks: · Difficulty:

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 (as printed): D
Explanation
Let the sum be ₹ $x$. Then, $$x\left(1+\frac{15}{100}\right)^{3}-x=6500.52$$

Explanation as extracted from the printed page; notation may be imperfect.

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