Question
A sum of money amounts to Rs. 10800 in 2 years at
compound interest compounded annually at the rate of 20% per annum. What is the principal?Solution
ATQ, Amount = Principal x (1 + R/100)^2 10800 = P x (1 + 20/100)^2 10800 = P x (6/5)^2 10800 = P x 36/25 P = 10800 x 25 / 36 P = 7500 Hence, the correct answer is Rs. 7500.
More Compound Interest Questions
Simplify the following expressions and choose the correct option.
18 * 15 - {3/5 of 250 + 72}
Simplify the given expression.
If 1560 ÷ 30 + 2025 ÷ 45 - z + 33 × 7 = 1848 ÷ 24 × 234 ÷ 39, then the value of z is:
2350 – 4830 + 9570 + 3350 – 1720 = ?
What should come in place of (?) question mark in the given expression.
[60% of 350 + (2/7 of 210)] ÷ 5 = ?
15% of 1800 + 22 = ?Â
- Calculate the value of this expression:
(180 - 90 ÷ 6 of 2) ÷ 5 + 3 of 16 ÷ 4 - 12 of 4 ÷ 8 (7/5) × (3/4) × (5/9) × (6/7) × 3112 = ?
Determine the value of 'p' in following expression:
720 ÷ 9 + 640 ÷ 16 - p = √121 X 5 + 6²- 7
