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

    Question

    A invested Rs. ‘x’ in a scheme offering compound

    interest of 25% p.a. compounded annually. If at the end of 2 years, interest received by A was Rs. (x – 1792), then find the value of ‘x’.
    A 4196 Correct Answer Incorrect Answer
    B 4296 Correct Answer Incorrect Answer
    C 4096 Correct Answer Incorrect Answer
    D 4126 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    According to the question, x – 1792 = x × 1.25 × 1.25 – x Or, 0.4375x = 1792 Or, x = 4096

    Practice Next