Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Compound Interest

Question:

Rs. 2400 becomes Rs. 3600 at a certain rate of interest compounded annually in 5 years. Find the amount at the end of 15 years.

Options:

8100

8200

8500

7800

Correct Answer:

8100

Explanation:

                Principal      :      Amount  

5yrs:           2400         :       3600

5yrs:               2          :           3

10yrs:            22         :          32

15yrs:            23         :          33

                      8          :         27

                      ⇓× 300             ⇓

                   2400                   ⇓× 300

                                           8100/-