Aptitude | Compound Interest | Question 8

An amount of Rs.9600 lent out at a rate of 4.5 % per annum for a 1 year and 9 months. At the end of the period, the amount he earned as C.I was:
(A) 10450.69
(B) 10368.7
(C) 10465.69
(D) 10555.69


Answer: (B)

Explanation: Amount = 9600 * (1+4.5/100)7/4 = 10368.7103188

So, option (B) is correct.

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