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A sum of 3000 becomes 3600 in 3 years at 15 percent per annum. What will be the sum at the same rate after 9 years.
  • a)
    5124
  • b)
    5184
  • c)
    5186
  • d)
    5192
  • e)
    None of these
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
A sum of 3000 becomes 3600 in 3 years at 15 percent per annum. What wi...
3600 = 3000*(1+15/100)3
(1+15/100)3 = 6/5
Amount = 3000*[(1+15/100)3]3
Amount = 3000*(6/5)3 = 5184
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Most Upvoted Answer
A sum of 3000 becomes 3600 in 3 years at 15 percent per annum. What wi...
3600 = 3000*(1+15/100)^ 3
(1+15/100)^ 3 = 6/5
Amount = 3000*[(1+15/100)^ 3]^ 3
Amount = 3000*(6/5)^ 3 = 5184
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Community Answer
A sum of 3000 becomes 3600 in 3 years at 15 percent per annum. What wi...
3600 = 3000*(1+15/100)3
(1+15/100)3 = 6/5
Amount = 3000*[(1+15/100)3]3
Amount = 3000*(6/5)3 = 5184
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