IBPS PO 2021 · Question 12 of 28

12. Find the approximate amount of compound interest that will be obtained at the end of 5 years, if Ms. Apurva invests a sum of Rs.10000 at the rate of 10%?

Compound Interest

Answer: B. 6105

C.I = 10000 [(1 + 10/100)5 - 1] = 10000 (11/10 × 11/10 × 11/10 × 11/10 × 11/10 - 1) = 10000 (161051 - 100000/100000) = 61051/10 = Rs. 6105 (approx.)

Source: IBPS PO Prelims 2021 Memory Based Question Paper with Answers (jagranjosh) · memory-based

Practice the full IBPS PO 2021 paper

Timed test with all 28 questions, just like the real exam.

IBPS PO 2021 · Question 12 of 28

Compound Interest

C.I = 10000 [(1 + 10/100)5 - 1] = 10000 (11/10 × 11/10 × 11/10 × 11/10 × 11/10 - 1) = 10000 (161051 - 100000/100000) = 61051/10 = Rs. 6105 (approx.)

Source: IBPS PO Prelims 2021 Memory Based Question Paper with Answers (jagranjosh) · memory-based

Practice the full IBPS PO 2021 paper

Timed test with all 28 questions, just like the real exam.