CLEAR
Toprankers-Info

+91 7676564400

Mobile App

Get it on Google Play
Discussions
Select Date
Tags:

Articles

Discussions
Submit Discussion
Anjali samaria

· started a discussion

· 1 Months ago

a (Question: 188643.0 )

how we assume that i should pick 8000

Question:
A man borrows some money at 3% simple interest per annum and lends it to somebody at 5% interest to be compounded annually. By this he makes a profit of Rs. 541 at the end of 3 years. The money he borrowed was –
Options:
A) Rs. 8,000
B) Rs. 6,762
C) Rs. 6,000
D) Rs. 8,070
Solution:
Ans: (a) 


Sandeep Modanwal

· commented

· 1 Months ago

c.i. &s.i. ka antar 541 diya hai 541 x man ke lagao ans. aa jayega

Knowledge Expert

· commented

· 1 Months ago

@varun kumar Good:)

varun kumar

· commented

· 1 Months ago

5% for 3 years ....... 5% = 1/20....... 20 x 3 = 8000 ......... this way we assume the principal

...... for example ..... if it would have been 20% .....

we can assume ......20% = 1/5 ....... 5x5x5 = 125

here we can assume 125 as principal for convenience ...... i hope it helps :)
-logo
We at aim to provide most comprehensive content & test for practice which is carefully divided into various chapters and topics to help you focus on your weak areas.Our Practice mock test gives you unmatched analytics to help you realize your strong areas,time management and improvement areas.Our Short & Crisp notes on each topic will help you to quickly revise the topic along with the tips & tricks of the exams.
More About
-Info
-Info

Mobile App

Get it on Google Play
About Us Campus Ambassador Careers Contact Us Refund Policy

All Rights Reserved Top Rankers

User Policy
Disclaimer
Terms & Conditions