πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!


    ⚑ Month End Offer - Flat 52% Off On All Courses! Enroll Now ⚑
    00:00:00 AM Left

    Question

    If certain sum of amount becomes Rs. 9024 in 12 years

    and Rs. 13536 in 24 years at a certain rate of compound interest, compounded annually then find the sum.
    A Rs 6016 Correct Answer Incorrect Answer
    B Rs 6024 Correct Answer Incorrect Answer
    C Rs 6624 Correct Answer Incorrect Answer
    D Rs 6036 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Percentage increase in amount in 12 years = [(13536 – 9024)/9024] Γ— 100 = 50%
    Desired sum = 9024/1.5 = Rs. 6016

    Practice Next

    Relevant for Exams:

    ask-question