Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Compound Interest

Question:

Rs. 4800 becomes Rs. 7200 at a certain rate of interest compounded annually in 5 years. Find the amount at the end of 15 years.

Options:

Rs. 12000

Rs. 14500

Rs. 16200

Rs. 18400

Correct Answer:

Rs. 16200

Explanation:

                Principal      :      Amount  

5yrs:           4800         :       7200

5yrs:               2          :           3

10yrs:            22         :          32

15yrs:            23         :          33

                      8          :         27

                      ⇓× 600             ⇓

                   4800                   ⇓× 600

                                           16200/-