How much amount will be credit in Rahim account at the end of 3rd year? If

If Rahim deposited the same amount of Rs. X in a bank at the beginning of successive 3 years and the bank pays simple interest of 5% per annum, then the amount at his credit at the end of 3rd year will be:

  1. Rs. (21/20)x
  2. Rs.(26481/8000)x
  3. Rs.(861/400)x
  4. Rs.1261/400)x
Monis Rasool Professor Asked on 21st November 2015 in Maths.
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  • 2 Answer(s)

    Answer: (2) Rs. (26481/8000) x

    Anurag Mishra Professor Answered on 21st November 2015.
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    answer is 33x/10

    (26481/8000)x is possible only for compound interest. in the question, it is simple interest.

    anil01 Default Answered on 21st December 2015.
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