Practicing Success
Practicing Success
CUET Preparation Today
A certain sum invested at 4% per annum compound interest compounded half yearly, amounts to Rs. 7803 at the end of one year. The sum is: |
Rs. 7000 Rs. 7200 Rs. 7500 Rs. 7700 |
Rs. 7500 |
Rate of interest half yearly = \(\frac{4}{2}\) = 2% = \(\frac{1}{50}\)
Total Amount = 2500 + 101 = 2601 ATQ, ⇒ 2601R = 7803 ⇒ 1R = 3 ⇒ Therefore, Principal = 2500 × 3 = Rs.7500 |
