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

    Question

    A sum is lent on compound interest for 2 years at 10%

    p.a. If the compound interest on the sum is Rs.4410, find the sum.
    A 17000 Correct Answer Incorrect Answer
    B 21000 Correct Answer Incorrect Answer
    C 18000 Correct Answer Incorrect Answer
    D 14000 Correct Answer Incorrect Answer

    Solution

    Let the sum be Rs.x. According to question, => 4410 = x(1.1)2 – x => 4410 = 1.21x – x => 4410 = 0.21x => x = Rs.21000

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