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.
Quiz of this Question
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