Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

What is the compound interest (in ₹) at the rate of 10%, compounded annually, for 3 years on the principal which in 8 years at the rate of 12% per annum gives ₹ 4,800 as simple interest ?

Options:

1,455

1,655

2,045

1,505

Correct Answer:

1,655