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    Question

    What will be the CI on a sum of Rs.70,000 after 3 years

    at the rate of 8%p.a?  
    A Rs.18291.48 Correct Answer Incorrect Answer
    B Rs.18179.84 Correct Answer Incorrect Answer
    C Rs.18392.48 Correct Answer Incorrect Answer
    D Rs.18497.84 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    CI = P[1+ R/100]t    -  P CI = 70000[1+ 8/100]3   -  70000 CI = 70000 [ 108/100]3    -  70000 CI = 70000 ×   108/100 ×  108/100 ×  108/100  -  70000 = 88179.84 -  70000  = 18179.84

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