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nik

· started a discussion

· 1 Months ago

wrong ques language (Question: 279549.0 )

it is not mention in the questing that 16000 is deposited every year

Question:

A person deposits Rs.16000 in the beginning of a year in a bank. If the bank pays the interest at a rate of 5% per annum compounded annually then how much money will be in his account after 3 years?

Options:
A)

Rs.52962

B)

Rs.18522

C)

Rs.52692

D)

Rs.17522

Solution:

Ans: (a)

  

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