Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Compound Interest

Question:

Rs.320 becomes Rs.480 at a certain rate of interest compounded annually in 4 years. Find the amount at the end of 16 years.

Options:

16205

1620

1670

16456

Correct Answer:

1620

Explanation:

                Principal      :      Amount  

4yrs:            320         :       480

4yrs:              2          :           3

8yrs:             22         :          32

12yrs:            23         :          33

16yrs:            24         :          34

                    16          :       81

                      ⇓× 20             ⇓

                   320                   ⇓× 20

                                           1620/-