Arithmeticeasy · Past Paper
What is the sum of money that amounts to Rs 1100 in 2 years at 5% simple interest?
ARs 900
BRs 950
CRs 1000
DRs 1050
✓ Correct Answer: C — Rs 1000
A = P(1 + TR/100) => 1100 = P(1 + 2*5/100) => 1100 = 1.1P => P = 1000.
Share this question
More from Arithmetic
- If interest is compounded semi-annually, what is the value of 'n' (number of times compounded in a year)?
- The population of a town is 20,000. If it increases by 5% every year, what will it be after 2 years?
- What is the mean proportional between 4 and 9?
- A sum of money is divided among A, B, C in the ratio 3:5:7. If C's share is Rs 1600 more than A's share, find B's share.
- If the profit on selling an item for Rs. 425 is the same as the loss on selling it for Rs. 355, find CP.