📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      A certain sum when invested at compound interest of 8%

      p.a. amounts to Rs. 5832 in 2 years. Find the amount received when the same sum is invested at 12% p.a. simple interest for 5 years.
      A Rs 7600 Correct Answer Incorrect Answer
      B Rs 8000 Correct Answer Incorrect Answer
      C Rs 8200 Correct Answer Incorrect Answer
      D Rs 8400 Correct Answer Incorrect Answer
      E Rs 7800 Correct Answer Incorrect Answer

      Solution

      Let the sum invested at compound interest be Rs. x
      According to the question,
      x(1 + 8/100) 2 = 5832
      or, x = 5832/1.1664 = Rs. 5000
      Required amount received = {(5000 × 12 × 5)/100} + 5000 = Rs. 8000

      Practice Next
      More Simple and compound interest Questions

      Relevant for Exams:

      ask-question