Question
A certain sum when invested at compound interest
(compounded annually) of 8% p.a. for 4 years, gives an interest of Rs. 4879.20. Calculate the approximate sum investedSolution
ATQ, Let the sum invested be Rs. P. ATQ, 
Or, P+4879.2 = 1.3605P Or, 4879.2 = 1.3605P − P Or, 0.3605P = 4879.2 
13,534.553 or ~ 13,535
More Simple and compound interest Questions
Dead Ringer
Ram is very calculative and always has an axe to grind.
- In each of the following questions, an idiomatic expression or a proverb has been given in bold . Choose the option that best expresses its meaning.
Accept a belief, theory, or change willingly and enthusiastically
Select the most appropriate meaning of the given idiom.
Bang for the buck
Select the most appropriate meaning of the given idiom.
Close fisted
- Select the most appropriate meaning of the bold idiom in the following sentence.
After the merger, the CEO knew he had to face the music for the co... - Select the most appropriate meaning of the bolded idiom in the following sentence.
After the argument, he decided to bury the hatchet and move on w... Down To The Wire
Widely known and esteemed
Relevant for Exams:
