Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Compound Interest

Question:

What sum of money at compound interest will amount to ₹4,630,08 in three years if the rate of interest is 4% for the first year, 5% for the second year and 6% for the third year?

Options:

₹4,500

₹4,800

₹4,000

₹3,500

Correct Answer:

₹4,000