Sunil invested Rs 5,000 for 3 years at a certain rate of interest compounded annually, which at the end of first year amounts to Rs 5,600. The rate of interest p.a. is

10 %

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

13 %

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

12 %

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

5 %

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

Open in App

Solution

The correct option is C
12 %

Suggest Corrections

Similar questions

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

Q. Mr. Lalit invested Rs.

5, 000

at a certain rate of interest, compounded annually for two years. At the end of first year it amounts to Rs.

5, 325

. The rate of interest is

R

. Then

2 R =

(in

%

Q. A person invests Rs.

5, 000

for two years at a certain rate of interest compounded annually. At the end of one year, this sum amounts to Rs.

5, 600

. Calculate the rate of interest per year.

A person invests Rs 5,000 for two years at a certain rate of interest compounded annually. At the end of one year , this sum amounts Rs 5,600. Calcuate.

(i)the rate of interest per annum.

(ii)the amount at the end of the second year.

Q. Mr. Lalit invested

R s 5000

at a certain rate of interset, compounded annually for two years. At the end of first it amounts to

R s 5325

. Calculate.
The rate of interest.

Join BYJU'S Learning Program

Sunil invested Rs 5,000 for 3 years at a certain rate of interest compounded annually, which at the end of first year amounts to Rs 5,600. The rate of interest p.a. is

The correct option is C 12 %

The correct option is C
12 %