{"id":163986,"date":"2024-03-09T18:27:07","date_gmt":"2024-03-09T12:57:07","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=163986"},"modified":"2024-03-09T18:27:09","modified_gmt":"2024-03-09T12:57:09","slug":"if-%e2%82%b95000-is-invested-for-a-period-of-three-years-at-20-compound-interest-per-annum-compounded-annually","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/if-%e2%82%b95000-is-invested-for-a-period-of-three-years-at-20-compound-interest-per-annum-compounded-annually\/","title":{"rendered":"If \u20b95000 is invested for a period of three years at 20% compound interest per annum, compounded annually"},"content":{"rendered":"\n<p> <p class=\"MsoNormal\">If \u20b95000 is invested for a period of three years at 20% compound interest per annum, compounded annually, what will be the amount received after 3 years?<\/p> <p class=\"MsoListParagraphCxSpFirst\" style=\"text-indent:-.25in;mso-list:l0 level1 lfo1\"><b>A.<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;\">\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>\u20b98640 <\/b><\/p> <p class=\"MsoListParagraphCxSpMiddle\" style=\"text-indent:-.25in;mso-list:l0 level1 lfo1\">B.<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;\">\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>\u20b98680 <\/p> <p class=\"MsoListParagraphCxSpMiddle\" style=\"text-indent:-.25in;mso-list:l0 level1 lfo1\">C.<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;\">\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>\u20b98000 <\/p> <p class=\"MsoListParagraphCxSpLast\" style=\"text-indent:-.25in;mso-list:l0 level1 lfo1\">D.<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;\">\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>\u20b98480<\/p> <p class=\"MsoNormal\">Sol:<\/p> <p class=\"MsoNormal\">Principle (P) = Rs. 5000 <\/p> <p class=\"MsoNormal\">Rate of interest (R) = 20% per annum <\/p> <p class=\"MsoNormal\">Time period (T) = 3 years <\/p> <p class=\"MsoNormal\">Formula used:\u00a0 <\/p> <p class=\"MsoNormal\">Amount = P (1 + R\/100)<sup>T<\/sup>. <\/p> <p class=\"MsoNormal\">Calculation: <\/p> <p class=\"MsoNormal\">Amount = 5000(1 + 20\/100)<sup>3 <\/sup><\/p> <p class=\"MsoNormal\"><span style=\"font-family:&quot;Cambria Math&quot;,serif;mso-bidi-font-family:\n&quot;Cambria Math&quot;\">\u21d2<\/span> 5000 (1 + 1\/5)<sup>3<\/sup> <\/p> <p class=\"MsoNormal\"><span style=\"font-family:&quot;Cambria Math&quot;,serif;mso-bidi-font-family:\n&quot;Cambria Math&quot;\">\u21d2<\/span> 5000 \u00d7 (6\/5)<sup>3<\/sup> <\/p> <p class=\"MsoNormal\"><span style=\"font-family:&quot;Cambria Math&quot;,serif;mso-bidi-font-family:\n&quot;Cambria Math&quot;\">\u21d2<\/span> 5000 \u00d7 216\/125 <\/p> <p class=\"MsoNormal\"><o:p>\u00a0<\/o:p><\/p> <p class=\"MsoNormal\"><span style=\"font-family:&quot;Cambria Math&quot;,serif;mso-bidi-font-family:\n&quot;Cambria Math&quot;\">\u21d2<\/span> 40 \u00d7 216 = Rs. 8640.<\/p> <p class=\"MsoNormal\"><span style=\"font-family:&quot;Cambria Math&quot;,serif;mso-bidi-font-family:\n&quot;Cambria Math&quot;\">\u2234<\/span> The amount received after 3 years will be Rs. 8640.<\/p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>If \u20b95000 is invested for a period of three years at 20% compound interest per annum, compounded annually, what will be the amount received after 3 years? A.\u00a0\u00a0\u00a0\u00a0\u00a0 \u20b98640 B.\u00a0\u00a0\u00a0\u00a0\u00a0 \u20b98680 C.\u00a0\u00a0\u00a0\u00a0\u00a0 \u20b98000 D.\u00a0\u00a0\u00a0\u00a0\u00a0 \u20b98480 Sol: Principle (P) = Rs. 5000 Rate of interest (R) = 20% per annum Time period (T) = 3 years [&hellip;]<\/p>\n","protected":false},"author":419,"featured_media":163987,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[5138],"tags":[5139],"class_list":["post-163986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-quantitative-aptitude","tag-quantitative-aptitude"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/163986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/419"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=163986"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/163986\/revisions"}],"predecessor-version":[{"id":163988,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/163986\/revisions\/163988"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/163987"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=163986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=163986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=163986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}