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.3300
B) Rs.142
C) Rs.3201
D) Rs.2890
E) Rs.2750
Correct Answer: A
Solution :
Principal of \[P=\frac{5}{4}\times 20000=25000\] New rate of interest \[=3+\frac{3\times 10}{100}=3.3\] Now, interest of \[P=\frac{25000\times 3.3\times 4}{100}=\]Rs. 3300You need to login to perform this action.
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