Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Compound Interest

Question:

At what  rate percent per annum will a sum of Rs.20736 amount to Rs.50625 in four years, if the interest is compounded annually?

Options:

15% 

20% 

25% 

30% 

Correct Answer:

25% 

Explanation:

                     Principal     :      Amount

                      20736       :    50625

For four years,  

                       \(\sqrt[4]{20736 }\) :  \(\sqrt[4]{50625 }\)

                            12       :      15 

Rate % = \(\frac{3}{12}\)× 100 = 25%