Question

Find the amount to be paid after 4 months for Rs.850 at 4% p.a.?

• A. Rs.2845/3
• B. Rs.2584/3
• C. Rs.2485/3
• D. Rs.3385/4
• E. None of these

Answer 1

The correct option is B

Rs.2584/3

$A=P+I=P+(P\times T\times \frac{R}{100})$

$=850+(850\times 0.33\times \frac{4}{100})$

$=\frac{2584}{3}$