Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Compound Interest

Question:

The difference between C.I. for third year and second year is Rs.12.60, if rate is 5% per annum then find the sum.

Options:

Rs. 3000

Rs. 4000

Rs. 4800

Rs. 5600

Correct Answer:

Rs. 4800

Explanation:

ATQ,

21R = 12.60

1R = 0.6

Principal = 8000 × 0.6 = Rs.4800