Arithmetichard · Past Paper
Find the CI on Rs. 16000 for 9 months at 20% p.a. compounded quarterly.
ARs. 2520
BRs. 2522
CRs. 2600
DRs. 2400
✓ Correct Answer: B — Rs. 2522
n = 3 quarters, r = 5% per quarter. A = 16000(1.05)^3 = 18522. CI = 2522.
Share this question
More from Arithmetic
- A man sells a chair for Rs. 720 and gains 20%. Find the CP.
- If x:y = 3:4, find the value of (2x+3y) : (3x+4y).
- The population of a town is 1,76,400. If it increases at the rate of 5% per annum, what will be its population 2 years ago?
- Express 1/3 as a percentage correct to two decimal places.
- The speed of three cars are in the ratio 2:3:4. The ratio of time taken by these cars to travel the same distance is: