Question
A sum of money was invested at
10% p.a. compound interest (compounded annually), and it amounted to Rs. 6050 at the end of 2 years. Find the original sum.Solution
ATQ,
Let the principal amount be Rs. P. So, 1.10 × 1.10 × P = 6050 P = [6050/(1.10 × 1.10)] = 5000. Hence, the original sum is Rs. 5000.
More Compound Interest Questions
How is V related to U?
How is G related to H?
- How is M related to K?
How is S related to E?
How is Y related to W?
- A + B means ‘A is the mother of B’; A – B means ‘A is the husband of B’; A × B means ‘A is the son of B’; A ÷ B means ‘A is the daughter ...
How is M related to H?
If ‘P × Q’ mean ‘Q is the sister of P’, ‘P + Q’ means ‘Q is the daughter of P’ , ‘P ÷ Q’ means ‘P is the wife of Q’, and ‘P-...
How is J related to H?
- Anjana and Sunanya are the only daughters of Mahesh. Sunanya’s grandmother is wife of Farhan who is father of Arpita. Arpita has a son Kaalu. How is Farh...
Relevant for Exams:
