At 12% rate for 3 years how much amount will become ₹ 4590 ? 

A) ₹ 3375 

B) ₹ 2375 

C) ₹ 1475 

D) ₹ 1290


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Call

Correct option is (A) ₹ 3375

Let the amount be Rs x.

R = 12%

T = 3 years

Amount after 3 years = Rs 4590

\(\therefore\) \(x+\frac{x\times12\times3}{100}\) = 4590   (Amount after 3 years \(=P+\frac{PRT}{100})\)

\(\Rightarrow\) \(x+\frac{9x}{25}\) = 4590

\(\Rightarrow\) \(\frac{34x}{25}\) = 4590

\(\Rightarrow\) \(x=\frac{4590\times25}{34}\) = 3375

Call

Correct option is  A) ₹ 3375