ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    Anjali invested Rs.11000 in a scheme offering compound

    interest of x% p.a. compounded annually. If at the end of 2 years, interest received by her from the scheme is Rs.4840 then find the value of тАШxтАЩ.
    A 10 Correct Answer Incorrect Answer
    B 12 Correct Answer Incorrect Answer
    C 15 Correct Answer Incorrect Answer
    D 20 Correct Answer Incorrect Answer

    Solution

    According t the question, => 4840 = 11000 x [(100 + x)/100]2┬атАУ 11000 => 15840 = 1.1 x (100 + x)2 => (100 + x)2┬а= 14400 => x = 120 тАУ 100 => x = 20

    Practice Next
    More Simple and compound interest Questions
    ask-question