A man invests Rs.5,000 for 3 years at a certain rate of interest compounded annually. At the end of 1st year it amounts to Rs.5,600. Calculate

12 %, 672, 7024.64

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10 %, 672, 7020

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12 %, 670, 7020

No worries! We‘ve got your back. Try BYJU‘S free classes today!

10 %, 672, 7024

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12 %, 670, 7024.64

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Solution

The correct option is A
12 %, 672, 7024.64

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A man invests Rs.5,000 for 3 years at a certain rate of interest compounded annually. At the end of 1st year it amounts to Rs.5,600. Calculate

The correct option is A 12 %, 672, 7024.64

The correct option is A
12 %, 672, 7024.64