A) Rs. 343.95
B) Rs. 324.95
C) Rs. 354.95
D) None of these
Correct Answer: D
Solution :
\[CI=P\left[ {{\left( 1+\frac{R}{100} \right)}^{T}}1 \right]\] \[=5500\left[ {{\left( 1+\frac{3}{100} \right)}^{2}}1 \right]\] \[=5500\left[ {{(1.03)}^{2}}\,\,1 \right]\] \[=5500\left[ 1.0609\,\,\,\,\,1 \right]\] \[=5500\,\,\,\,0.0609\,\,=Rs.\,\,334.95\]You need to login to perform this action.
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