Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

A sum of ₹18,000 becomes ₹21,780 after 2 years on compound interest compounded annually. What will be the compound interest (in ₹) on the same sum for the same period if the rate of interest increases by 5% ?

Options:

1,845

4,670

5,805

5,500

Correct Answer:

5,805