The Simple Interest on a certain sum at the rate of 5% per annum for 3 – McqOptions

MCQOPTIONS

1.	The Simple Interest on a certain sum at the rate of 5% per annum for 3 years is Rs. 1260. Find the compound interest for that sum at the same rate and for the same period.
A.	Rs. 1324.05
B.	Rs. 1428.05
C.	Rs. 1384.05
D.	Rs. 1448.05
Answer» B. Rs. 1428.05

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