CLEAR
Toprankers-Info

+91 7676564400

Mobile App

Get it on Google Play
Discussions
Select Date
Tags:

Articles

Discussions
Submit Discussion
Nitish kumar singh

· started a discussion

· 1 Months ago

doubt (Question: 190619.0 )

how you have taken interest for second year is only 11% ?

Question:
What is the sum on which the compound interest for the 2nd year at 10% p.a. will be Rs. 572 ?
Options:
A) Rs. 4800
B) Rs. 5000
C) Rs. 5200
D) Rs. 5400
Solution:
Ans: (c) Suppose principal = Rs. 100 

Interest of 1st year 

= 10% of 100 = Rs. 10 

Interest for 2nd year = 

= 10 + 10% of 10 = Rs. 11 

\(\therefore \) Required principal 

= \(\cfrac{100}{11}\) × 572 

= Rs. 5200  

Knowledge Expert

· commented

· 1 Months ago

its obvious that 10+10% of 10 = 11
-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