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

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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:

A. Rs. 11,800

B. Rs. 12,400

C. Rs. 14,400

D. Rs. 14,600

Answer: Option B

Solution (By Examveda Team)

$$\eqalign{ & {\text{P}} \times \frac{{27,900}}{{18,600}} = 18,600 \cr & {\text{P}} = \frac{{18,600 \times 186}}{{279}} \cr & {\text{P}} = 12,400 \cr} $$

This Question Belongs to Arithmetic Ability >> Compound Interest

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Comments (1)

Mathura Das:

2 years ago

X/18600=18600/27900

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