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    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

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