Mohammed
Guys, does anyone know the answer?
get at what rate of compound interest per annum will a sum of rs 1200 from screen.
At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?
Click here👆to get an answer to your question ✍️ At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?
Question
At what rate of compound interest per annum will a sum of Rs.1200 become Rs.1348.32 in 2 years?
A
6%
B
6.5%
C
7%
D
7.5%
Easy Open in App
स्रोत : www.toppr.com
At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?
Compound Interest
Easy Questions Moderate Questions Difficult Questions
Compound Interest Tutorial
Aptitude
Number System Simplification Fractions Elementary Algebra LCM and HCF Average Approximation Unitary Method Linear Equation Quadratic Equation Discount Surds and Indices Percentage
Square root and cube root
Order of Magnitude Profit and Loss
Odd Man Out and Series
Work and Wages Algebra Stocks and Shares True Discount Ratio, Proportion Partnership
Alligation or Mixture
Time and Work Pipes and Cistern
Speed, Time and Distance
Problem on Trains Height and Distance Banker's Discount Boats and Streams Races and games Problems on Ages
Clocks and Calendars
Simple interest Compound Interest Sets and Functions Area and Perimeter
Volume and Surface Area of Solid Figures
Sequences and Series
Plane Geometry Logarithm Probability
Permutation and Combination
Statistics Mensuration Trigonometry
Aptitude miscellaneous
At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?
7.5% 6.5% 7% 6%
Correct Option: D
Here , Amount ( A ) = ₹ 1348.32 , P = ₹ 1200 , Rate ( R ) = ? , Time = 2 years
A = P 1 + R T 100
⇒ 1348.32 = 1200 1 +
R 2 100 ⇒ 1348.32 = 1 + R 2 1200 100 ⇒ 134832 = 1 + R 2 120000 100 ⇒ 11236 = 1 + R 2 10000 100 ⇒ 106 2 = 1 + R 2 100 100 ⇒ 106 = 1 + R 100 100 ⇒ 1 + 6 = 1 + R 100 100
⇒ R = 6% per annum.
स्रोत : interviewmania.com
At what rate of compound interest per annum will a sum
At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years? a) 6% b) 6.5% c) 7% d) 7.5%
Examveda
At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?
A. 6% B. 6.5% C. 7% D. 7.5%
Answer: Option A
Solution(By Examveda Team)
LettheratebeR%p.a. Then,1200× (1+ R 100 ) 2 =1348.32 ⇒ (1+ R 100 ) 2 = 134832 120000 = 11236 10000 ∴ (1+ R 100 ) 2 = ( 106 100 ) 2 ⇒1+ R 100 = 106 100 ⇒R=6%
LettheratebeR%p.a.Then,1200×(1+R100)2=1348.32⇒(1+R100)2=134832120000=1123610000∴(1+R100)2=(106100)2⇒1+R100=106100⇒R=6%
Join The Discussion
Related Questions on Compound Interest
A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is:
A. Rs. 120 B. Rs. 121 C. Rs. 122 D. Rs. 123 E. None of these View Answer
The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Rs. 1. The sum (in Rs.) is:
A. 625 B. 630 C. 640 D. 650 E. None of these View Answer
There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?
A. Rs. 2160 B. Rs. 3120 C. Rs. 3972 D. Rs. 6240 E. None of these View Answer
What is the difference between the compound interests on Rs. 5000 for
1 1 2 112
years at 4% per annum compounded yearly and half-yearly?
A. Rs. 2.04 B. Rs. 3.06 C. Rs. 4.80 D. Rs. 8.30 View Answer
More Related Questions on Compound Interest
Read More: MCQ Type Questions and Answers
Arithmetic Ability
Competitive Reasoning
Competitive English Data Interpretation General Knowledge History Geography Current Affairs Banking Awareness
Computer Fundamentals
Networking C Program Java Program SQL Database HTML CSS Javascript PHP Computer Science
Electrical Engineering
Mechanical Engineering
Civil Engineering
Chemical Engineering
Commerce Management
स्रोत : www.examveda.com
Do you want to see answer or more ?