Arithmeticmedium · Past Paper
What sum of money will amount to Rs 1331 in 3 years at 10% compound interest?
ARs 1000
BRs 1100
CRs 1200
DRs 1210
✓ Correct Answer: A — Rs 1000
A = P(1.1)^3 => 1331 = P(1.331) => P = 1000.
Share this question
More from Arithmetic
- At what rate of SI will the interest on a certain sum be 0.125 times the principal in 2.5 years?
- A man earns Rs. 40000 and spends Rs. 32000. What is his saving percentage?
- What principal will yield Rs 120 interest in 6 months at 4% per annum?
- Express 5:4 as a percentage.
- A salesman's commission is 5% on sales. If he earns Rs. 1500, what were the total sales?