Suppose Rs 1,00,000 is deposited in an account for 3 years at 11% per annum, compounded annually. How much money would be there at the end of 3 years?
Tap an option to check your answer.
1 mark, −0.25MathematicsQuantitative aptitude and data reasoningInterest, growth rates and compoundingEasyabout 1 min
JNU SSS 2011 Question 50: Quantitative aptitude and data reasoning
Answer and worked solution
Checking your account…
Quantitative aptitude and data reasoning has come up 92 times in 6 exams since 2008.
What this question tests
This question is on Interest, growth rates and compounding, part of Quantitative aptitude and data reasoning in Mathematics.
Simple and compound interest and the growth-rate measures used for economies.
TestStop has 22 past-paper questions on this subtopic.
Similar questions from other papers
- Match the Corresponding Equations LIST-I with Solutions LIST-II. LIST-I (Equation): A. 5x² = 0 B. 2x² - 32 = 0 C. 2x² + 32 = 0 D. 2x² - 32x = 0. LIST-II (Solution): I.…
- Assuming x is a whole number greater than or equal to 2, arrange the following four in decreasing order, with the largest first and smallest last: (A) 1/x (B) 1/x² (C)…
- Arrange the following expressions in terms of increasing order of magnitude [given: a>0, b>0, x>0 ]: (A) y=e^a (B) y=e^(a+bx) (C) y=e^(a+b/x) (D) y=e^(a-b/x) (E)…
- Let 2z=-3+√3 i, i=√(-1). Then 2z⁸ is equal to
- Let k ∈ ℝ. Which of the following is/are correct for the roots of x² + 2(k+1)x + 9k - 5 = 0?
Question from the JNU SSS 2011 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.