Question:
Find the approximate amount when Rs. 1200 is deposited for \(\frac{3}{4}\) year at 12% p.a. at Compound Interest where interest is reckoned quarterly?
Find the approximate amount when Rs. 1200 is deposited for \(\frac{3}{4}\) year at 12% p.a. at Compound Interest where interest is reckoned quarterly?
Updated On: Oct 19, 2024
- Rs.1008
- Rs.1311
- Rs.1344
- Rs.4008
Hide Solution
Verified By Collegedunia
The Correct Option is B
Solution and Explanation
The correct answer is (B): Rs.1311
Was this answer helpful?
0
0
Top Questions on SI & CI
- Ramesh invests 1,200 at 5% simple interest. How much additional money must he invest at 8% simple interest so that his total annual income will be equal to 6% of his total investment during this year?
- Aman invests Rs 4000 in a bank at a certain rate of interest, compounded annually.If the ratio of the value of the investment after 3 years to the value of the investment after 5 years is 25 : 36, then the minimum number of years required for the value of the investment to exceed Rs 20000 is
- Anil invests Rs 22000 for 6 years in a scheme with 4% interest per annum, compounded half-yearly. Separately, Sunil invests a certain amount in the same scheme for 5 years, and then reinvests the entire amount he receives at the end of 5 years, for one year at 10% simple interest. If the amounts received by both at the end of 6 years are equal, then the initial investment, in rupees, made by Sunil is
- An amount of Rs 10000 is deposited in bank A for a certain number of years at a simple interest of 5% per annum. On maturity, the total amount received is deposited in bank B for another 5 years at a simple interest of 6% per annum. If the interests received from bank A and bank B are in the ratio 10 : 13, then the investment period, in years, in bank A is
- S invested 22,000 for 6 years at a 4% rate compounded half-yearly. B also invested a certain amount of money for 5 years in the same scheme and then reinvested it for a year at a 10% rate of simple interest. If their total amounts become the same after 6 years, what was B’s initial investment?
View More Questions
Questions Asked in ATMA exam
- Select one of the following four options that will make the 2nd pair analogous to the 1st pair given.
( 1 @ 3 @ 6) : 100 :: ( 2 @ 3 @ 5) : ?- ATMA - 2021
- Analogy
- Identify the synonym of the given word:
ABSOLUTE- ATMA - 2021
- Synonyms
- Fil in the blanks with the correct option.
There is____butter left . We need to buy___more.- ATMA - 2021
- Fill in the Blanks
- Fil in the blanks with the correct option.
Would you like______bread?- ATMA - 2021
- Fill in the Blanks
- Fil in the blanks with the correct option.
Idon't want my friends to have______to complain over this cake, so Iwil give it my best shot.- ATMA - 2021
- Fill in the Blanks
View More Questions