On the off chance that the accumulated dividends on a specific total

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On the off chance that the accumulated dividends on a specific total of cash for a long time at 10% for each annum be Rs. 993, what might be the basic intrigue?

Rs.840
Rs.590
Rs.695
Rs.900

SimplyFreshers Answered question March 28, 2022
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Answer: D Rs. 900

Solution:

Let P = Principal
A – Amount
We have a = P (1 + R/100)3 and CI = A – P
ATQ 993 = P (1 + R/100)3 – P
∴ P = Rs 3000/ –
Presently SI @ 10% on Rs 3000/ – for 3 yrs = (3000 x 10 x 3)/100
= Rs 900/ –

SimplyFreshers Answered question March 28, 2022
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