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Rate Compounded Anually or Half-Yearly

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Question

Find the amount on Rs. 3600 at 10% p.a for 1 year, compounded annually?

Rs 3300

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Rs 3609

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Rs 3960

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Rs 3690

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Solution

The correct option is C
Rs 3960

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Similar questions

C I

R s . 7000

10 % p . a

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Find the amount on Rs 36000 in 2 years at 15% p.a. compounded annually.

24000

1 \frac{1}{2}

10 %

9600

3

10

2 \frac{1}{2}

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