📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      A sum of money is invested at compound interest, with

      the rate of interest being 10% per annum for the first year and 12% per annum for the second year. If the total interest earned after two years is ₹1,276, find the initial principal amount.
      A 5250 Correct Answer Incorrect Answer
      B 5450 Correct Answer Incorrect Answer
      C 5500 Correct Answer Incorrect Answer
      D 5780 Correct Answer Incorrect Answer
      E 6200 Correct Answer Incorrect Answer

      Solution

      Let the principal amount = P P+1276 = 154P/125 1276 = 29P/125 P = 1276 × 125/29 P = 5,500

      Practice Next
      More Quant Miscellaneous Questions

      Relevant for Exams:

      ask-question