Direction: Study the following table carefully to answer the questions given below: | |||||
Name | Nature of Interest | Principal | Amount | Year | Rate (%) |
M | Compound | Rs.10000 | 4 | ||
N | Simple | Rs.29500 | 3 | ||
O | Compound | Rs.20000 | 2 | 3 | |
P | Simple | 4 | |||
Q | Compound | 5 | 2 |
A) Rs.10449
B) Rs.20230
C) Rs.25000
D) Rs.17121
E) Rs.25423
Correct Answer: C
Solution :
Interest rate of \[N=\frac{4\times 3}{2}=6%\] Amount = 29500. Time = 3 years Let the principal be Rs.\[x\] Then, \[x+\frac{x\times 3\times 6}{100}=29500\] Or, \[x=\]Rs. 25000You need to login to perform this action.
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