ExamVeda
Login
Home

A sum amounts to Rs 18 600 after 3 years and...

This question belongs to Arithmetic Ability Compound Interest
Compound Interest
?

A sum amounts to Rs. 18,600 after 3 years and to Rs. 27,900 after 6 years, at a certain rate percent p.a, when the interest is compounded annually. The sum is:

Answer & Solution
Correct Answer: Option B
Compound Interest mcq question image
$$\eqalign{ & {\text{P}} \times \frac{{27,900}}{{18,600}} = 18,600 \cr & {\text{P}} = \frac{{18,600 \times 186}}{{279}} \cr & {\text{P}} = 12,400 \cr} $$
Examveda
Question posted by Examveda
Community

Join the Discussion

1 Comment
Mathura Das
Mathura Das 2 years ago
X/18600=18600/27900
Keep Learning

Related Questions on Compound Interest

A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is:
A. Rs. 120 B. Rs. 121 C. Rs. 122 D. Rs. 123 E. None of these
The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Rs. 1. The sum (in Rs.) is:
A. 625 B. 630 C. 640 D. 650 E. None of these
There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?
A. Rs. 2160 B. Rs. 3120 C. Rs. 3972 D. Rs. 6240 E. None of these
What is the difference between the compound interests on Rs. 5000 for $$1\frac{1}{2}$$ years at 4% per annum compounded yearly and half-yearly?
A. Rs. 2.04 B. Rs. 3.06 C. Rs. 4.80 D. Rs. 8.30
More Related Questions on Compound Interest