Question
A certain sum of money invested at a rate of 36% p.a.
amounts to Rs. 30417.5 at the end of 15 months if the rate of interest is compounded 5 monthly. Find the sum (in Rs.).Solution
Desired rate = (5/12) × 36 = 15% Let the sum is Rs. ‘P’. So, 1.15 × 1.15 × 1.15 × P = 30417.5 Or, P = 20000
More Simple and compound interest Questions
Simplify:
(√5 + √3)/(√5 − √3) + (√5 − √3)/(√5 + √3)
What will come in the place of question mark (?) in the given expression?
56 ÷ 22 + 36 ÷ 3 - 48÷ ? = 20
- What will come in place of the question mark (?) in the following questions?
144÷12+18×2=? 276 ÷ 11.5 + 12 = ? x 3
136% of 560 - 2/7 of 630 + 45% of 420 =?
1/5 of 6/3 of 3/2 of 1966 = ?
Simplify the following expressions and choose the correct option.
2500 ÷ (5²) + 60% of 240 = ?
115 ÷ 23 + 12 × 6 = ? + 16 - 35
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