Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Compound Interest

Question:

A sum of ₹x amounts to ₹10580 in 2 years at 15% per annum. The value of x is:

Options:

₹7500

₹7800

₹8000

₹8800

Correct Answer:

₹8000

Explanation:

15% = \(\frac{3}{20}\)

Amount = 400 + 129 = 529

ATQ,

529R = 10580

1R = 20

Therefore, x = 400R = 400 × 20 = 8000