At what rate percent per annum compound interest will Rs 10000 amount to 13310 in three years?

  • Aptitude
  • Simple and compound interest


A) 13.00%

B) 11.00%

C) 10.00%

D) 12.00%

Correct Answer:

Description for Correct answer:
\( \Large A=P \left(1+\frac{1}{100}\right)^{3}\)

\( \Large \frac{1331}{1000}= \left(1+\frac{R}{100}\right)^{3}\)

\( \Large\left(\frac{11}{10}\right)^{3}= \left(1+\frac{R}{100}\right)^{3} \)

\( \Large \frac{11}{10}-1=\frac{R}{100} \)

\( \Large \frac{R}{100}=\frac{1}{10} \)

R= 10%

Part of solved Simple and compound interest questions and answers : >> Aptitude >> Simple and compound interest

Find the compound interest for 3 years at 10% annual interest rate of Rs. 10,000.A. Rs. 2,100B. Rs. 3,310C. Rs. 4,741D. Rs. 1,100

  1. D
  2. B
  3. C
  4. A

Answer (Detailed Solution Below)

Option 2 : B

Free

SSC CGL 2021 Tier-I (Held On : 11 April 2022 Shift 1)

100 Questions 200 Marks 60 Mins

Given:

Principal = Rs. 10,000

Rate = 10% per annum

Time = 3 years

Formula used:

For Compound interest,

(i) A = P{1 + (R/100)}n

where,

A = Amount

P = Principal

R = Rate

n = Time

(ii) A = P + CI

where,

CI = Compound interest

Calculations:

A = P{1 + (R/100)}n

⇒ A = 10,000{1 + (10/100)}3

⇒ A = 10,000(11/10)3

⇒ A = 10,000 × (1331/1000)

⇒ A = Rs. 13,310

A = P + CI

⇒ 13,310 = 10,000 + CI

⇒ CI = 13,310 – 10,000

⇒ CI = Rs. 3,310

∴ The compound interest is Rs. 3,310.

At what rate percent per annum compound interest will Rs 10000 amount to 13310 in three years?
 

At what rate percent per annum compound interest will Rs 10000 amount to 13310 in three years?

1000 → Rs. 10,000

⇒ 1 → Rs. 10

⇒ 331 → Rs. 3,310

∴ The compound interest is Rs. 3,310.

Last updated on Oct 8, 2022

The SSC CGL 2022 application date date extended till 13th October 2022. The SSC CGL Notification was out on 17th September 2022. The SSC CGL Eligibility will be a bachelor’s degree in the concerned discipline. This year, SSC has completely changed the exam pattern and for the same, the candidates must refer to SSC CGL New Exam Pattern.

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At what rate percent per annum compound interest will Rs 10000 amount to 13310 in three years?

  • aditiraghav65
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What rate percent per annum, will Rs. 10000 amount to 13310 in three years, compounded annually​

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At what rate percent per annum compound interest will Rs 10000 amount to 13310 in three years?

  • preetjoshi20
  • 2 years ago
  • Report

Step-by-step explanation:

pls see the attachment

I have done already this question as i have exam tomorrow

At what rate percent per annum compound interest will Rs 10000 amount to 13310 in three years?

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At what rate percent per annum compound interest will 10000 amounts to 13310 in 3 years?

10% Q. At what rate percent compound interest per annum will rs.

At what percentage per annum will ₹ 10000 amount to 17280 in three years compound interest being reckoned?

At what percentage per annum, will * 10,000 amountto 17,280 in three years? (Compound Interest being. reckoned) (a) 20%

What is the compound interest on rupees 10000 at 10% for 3 years?

=13310–10000=₹ 3310.

How much will Rs 10000 amount to in 3 years at compound interest if the rates are 10% per annum compounded yearly?

Thus, The compound Interest will be Rs. 3310 .