New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The certain sum amounts to Rs11313.5 in 2(1/2) years at

    12% p.a., interest compounded 10 months. The sum (in Rs) is:
    A Rs.6530 Correct Answer Incorrect Answer
    B Rs.8500 Correct Answer Incorrect Answer
    C Rs.6555 Correct Answer Incorrect Answer
    D Rs.8045 Correct Answer Incorrect Answer

    Solution

    ATQ, Simplify :

    Solve for P:

    The principal sum is Rs 8500 .

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