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

    Question

    A sum is lent on compound interest for 2 years at 9%

    p.a. If the compound interest on the sum is Rs.2445.3, find the sum.
    A 13000 Correct Answer Incorrect Answer
    B 15000 Correct Answer Incorrect Answer
    C 12000 Correct Answer Incorrect Answer
    D 14000 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the sum be Rs.x. According to question, => 2445.3 = x(1.09)2 – x => 2445.3 = 1.1881x – x => 2445.3 = 0.1881x => x = Rs.13000

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