Arithmetichard · Past Paper
In how many years will Rs 8000 amount to Rs 9261 at 5% p.a. compounded semi-annually?
A1 year
B1.5 years
C2 years
D3 years
✓ Correct Answer: B — 1.5 years
9261/8000 = (1 + 0.025)^n => 1.157625 = (1.025)^n. 1.025^3 = 1.157625. So n=3 half-years = 1.5 years.
Share this question
More from Arithmetic
- A fruit seller has some oranges. He sells 40% and still has 420 oranges. Total oranges initially were:
- If the SI on a certain sum of money for 3 years at 8% p.a. is half the CI on Rs. 4000 for 2 years at 10% p.a., find the sum.
- In simple interest, the principal ______ every year.
- Convert 0.05 into a percentage.
- A shopkeeper offers 10% discount and charges 13% VAT. If the discount amount is Rs. 100, find the VAT amount.