Question

A man invested a certain amount of sum at 13% per

Q: A man invested a certain amount of sum at 13% per annum simple interest and earned an interest of Rs

divLetthecertainsumofmoneybeRsPdivdivSoPtimes013times22600divdivSoPRs10000divdivDesiredinterest121sup2supndash1times10000Rs4641div

annum simple interest and earned an interest of Rs. 2600 after 2 years. If the same amount is invested at 21% per annum compound interest, compounded annually for two years then the interest would be:

A Rs. 4625

B Rs. 5225

C Rs. 4641

D Rs. 4468

E Rs. 4568

Practice Next

More Simple and compound interest Questions

(12% of 1250 + 85% of 400) x 10 = ?²
What will come in the place of question mark (?) in the given expression?

(70 × 8 ÷ 10) × 5 = ?
8^2.3 × 64^4.7 × 72^3.4 × 81^5.85 = 72^?
The value of (40 + 3/4 of 32) /[37 + 3/4 of (34-6)] is:
236.23 - 653.23 + 696.23 = ?
7.4 × 8.2 + 3.5 × 4.5 = ? + 11.5 × 2.5
800 + 900 X (3)^-2 - ? = 25 X 60 ÷ 2
808 ÷ (128)^1/7 + 482 = 4 × ? + 846
30% of 215 + 135% of ? = 469.5

Question

A man invested a certain amount of sum at 13% per

Solution

Download the app