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Quantitative Aptitude

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Simple Interest & Compound Interest

Question
7 out of 30
 

Aditya borrowed Rs. 5000 at the rate of 12% for 3 years compound quarterly. What is the amount he will have to pay back finally?



A 7128.5
B 10000
C 9000
D 6500
E 6800

Ans. A As the amount compound quality so rate = , year = 3 × 4 = 12

So, A = 5000(1.03)12 = 7128.5

Simple Interest & Compound Interest Flashcard List

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