Question

Raviraj invested an amount of Rs. $10,000$/- at C.I. of $10\%$ p.a. for a period of $3$ years. How much amount will Raviraj get after $3$ years?

• A. $Rs.13,310$
• B. $Rs.12,550$
• C. $Rs.12,000$
• D. $Rs.13,500$

Answer 1

The correct option is A $Rs.13,310$

Principal, $P=Rs.10,000$

Rate of interest $=10\%$

Time $=3$ years

So, $n=3$

$A=P(1+\frac{r}{100}{)}^n$

$A=Rs.10,000(1+\frac{10}{100}{)}^3=Rs.13310$

Amount$=Rs.13,310$