Arithmetichard · Past Paper
A sum of money amounts to Rs 6690 after 3 years and Rs 10035 after 6 years on compound interest. The sum is:
ARs 4400
BRs 4460
CRs 4500
DRs 4600
✓ Correct Answer: B — Rs 4460
P(1+r)^3 = 6690, P(1+r)^6 = 10035. Divide: (1+r)^3 = 10035/6690 = 1.5. P = 6690/1.5 = 4460.
Share this question
More from Arithmetic
- In a bag, there are coins of 25p, 10p, and 5p in the ratio 1:2:3. If the total value is Rs 30, how many 5p coins are there?
- If a population grows by 2% every year, what formula represents the population after T years?
- If the selling price is less than the cost price, there is a ____.
- If $x:5 = 12:20$, what is the value of $x$?
- If cost price is Rs. 40 and profit is Rs. 10, find profit percentage.