Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Compound Interest

Question:

A certain sum of money becomes Rs. 3600 in 8 years and Rs. 4500 in 12 years at a certain rate of compound interest. Find the sum.

Options:

Rs. 1820

Rs. 2264

Rs. 2304

Rs. 2600

Correct Answer:

Rs. 2304

Explanation:

      Prin.      :    A4     :      A8     :      A12

                                       3600   :     4500

                                           4    :     5

                          4      :        5

         4       :       5                                     

        16      :      ---     :       25

         ⇓                                ⇓

         ⇓                           × 144

      × 144                       =3600 (given)

      = 2304