Compound Interest - Quantitative Aptitude (MCQ) questions for Q. 28520

Q.  How much money invested at compound interest will yield Rs. 6350.40 at the end of 3 years? For the first year the rate of interest is 5%; for second year it increases to 12% and for third year it decreases to 8%.
- Published on 15 Mar 17

a. Rs. 5800
b. Rs. 5500
c. Rs. 6000
d. Rs. 5000

ANSWER: Rs. 5000
 
compound interest

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