Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Compound Interest

Question:

The compound interest on a certain sum of money for 2 year at the rate of 5% p.a. is Rs. 328. Find double of principal.

Options:

4000

4800

6400

3500

Correct Answer:

6400

Explanation:

5% = \(\frac{1}{20}\)

Therefore, Let principal is 400   (square of 20)

Total C. I.  = 41 

ATQ,

41 R = 328  ⇒ 1R = 8

400 R = 400 × 8 = 3200

Double of principal = 3200 × 2 = Rs.6400