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

    Question

    A sum is lent on compound interest for 2 years at 14%

    p.a. If the compound interest on the sum is Rs.5392.8, find the sum.
    A 18000 Correct Answer Incorrect Answer
    B 15000 Correct Answer Incorrect Answer
    C 20000 Correct Answer Incorrect Answer
    D 16000 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the sum be Rs.x. According to question, => 5392.8┬а= x(1.14)2┬атАУ x => 5392.8┬а= 1.2996x тАУ x => 5392.8┬а= 0.2996x => x = Rs.18000

    Practice Next
    More Simple and compound interest Questions

    Relevant for Exams:

    ask-question