CA Foundation Exam > CA Foundation Questions > If P = Rs. 1000, R = 5% p.a, n = 4; Amount an...
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If P = Rs. 1000, R = 5% p.a, n = 4; Amount and C.I. is
- a)Rs. 1215, Rs. 215
- b)Rs. 1125, Rs. 125
- c)Rs. 2115, Rs. 115
- d)none of these
Correct answer is option 'A'. Can you explain this answer?
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If P = Rs. 1000, R = 5% p.a, n = 4; Amount and C.I. isa)Rs. 1215, Rs. ...
Given,
P = Rs. 1000, R = 5% p.a, n = 4
To find: Amount and C.I.
Formulae used:
Amount = P(1 + R/100)ⁿ
Compound Interest = Amount - P
Calculation:
Substituting the given values in the formula to find amount,
Amount = P(1 + R/100)ⁿ
Amount = 1000(1 + 5/100)⁴
Amount = 1000(1.05)⁴
Amount = Rs. 1215
Substituting the values in the formula to find C.I.,
Compound Interest = Amount - P
C.I. = Rs. 1215 - Rs. 1000
C.I. = Rs. 215
Therefore, the correct option is (A) Rs. 1215, Rs. 215.
P = Rs. 1000, R = 5% p.a, n = 4
To find: Amount and C.I.
Formulae used:
Amount = P(1 + R/100)ⁿ
Compound Interest = Amount - P
Calculation:
Substituting the given values in the formula to find amount,
Amount = P(1 + R/100)ⁿ
Amount = 1000(1 + 5/100)⁴
Amount = 1000(1.05)⁴
Amount = Rs. 1215
Substituting the values in the formula to find C.I.,
Compound Interest = Amount - P
C.I. = Rs. 1215 - Rs. 1000
C.I. = Rs. 215
Therefore, the correct option is (A) Rs. 1215, Rs. 215.
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If P = Rs. 1000, R = 5% p.a, n = 4; Amount and C.I. isa)Rs. 1215, Rs. ...
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If P = Rs. 1000, R = 5% p.a, n = 4; Amount and C.I. isa)Rs. 1215, Rs. 215b)Rs. 1125, Rs. 125c)Rs. 2115, Rs. 115d)none of theseCorrect answer is option 'A'. Can you explain this answer?
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If P = Rs. 1000, R = 5% p.a, n = 4; Amount and C.I. isa)Rs. 1215, Rs. 215b)Rs. 1125, Rs. 125c)Rs. 2115, Rs. 115d)none of theseCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about If P = Rs. 1000, R = 5% p.a, n = 4; Amount and C.I. isa)Rs. 1215, Rs. 215b)Rs. 1125, Rs. 125c)Rs. 2115, Rs. 115d)none of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If P = Rs. 1000, R = 5% p.a, n = 4; Amount and C.I. isa)Rs. 1215, Rs. 215b)Rs. 1125, Rs. 125c)Rs. 2115, Rs. 115d)none of theseCorrect answer is option 'A'. Can you explain this answer?.
If P = Rs. 1000, R = 5% p.a, n = 4; Amount and C.I. isa)Rs. 1215, Rs. 215b)Rs. 1125, Rs. 125c)Rs. 2115, Rs. 115d)none of theseCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about If P = Rs. 1000, R = 5% p.a, n = 4; Amount and C.I. isa)Rs. 1215, Rs. 215b)Rs. 1125, Rs. 125c)Rs. 2115, Rs. 115d)none of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If P = Rs. 1000, R = 5% p.a, n = 4; Amount and C.I. isa)Rs. 1215, Rs. 215b)Rs. 1125, Rs. 125c)Rs. 2115, Rs. 115d)none of theseCorrect answer is option 'A'. Can you explain this answer?.
Solutions for If P = Rs. 1000, R = 5% p.a, n = 4; Amount and C.I. isa)Rs. 1215, Rs. 215b)Rs. 1125, Rs. 125c)Rs. 2115, Rs. 115d)none of theseCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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