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    Question

    What will be the amount payable on Maturity of ₹2,250

    invested for three years 20% p.a. interest compounded yearly?
    A 2845 Correct Answer Incorrect Answer
    B 2886 Correct Answer Incorrect Answer
    C 3888 Correct Answer Incorrect Answer
    D 4668 Correct Answer Incorrect Answer

    Solution

    The amount payable on the maturity. 2250(1 + 20/100)3 = 2250 x (216/125) =18×216 = 3888. Rs.

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