Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Compound Interest

Question:

A certain sum amounts to Rs. 4205.55 at 15% p.a. in 2\(\frac{2}{5}\) years, interest compounded yearly. Find triple of sum.

Options:

13000

9000

14000

15000

Correct Answer:

9000

Explanation:

 

 

 

 

Total amount = 11214.8

amount given = 4205.55

11214.8 R = 4205.55

R = 0.375

8000  R = 3000

triple of sum = 9000