Latest MBA Aptitude Question SOLUTION: In an investment plan, if a certain sum is invested at r% per annum simple interest, it becomes ‘k’ times in 30 years, where ‘r’ and ‘k’ are

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(#M40017136) MBA question averages, percentages, profit loss and interest Keep an EYE

In an investment plan, if a certain sum is invested at r% per annum simple interest, it becomes ‘k’ times in 30 years, where ‘r’ and ‘k’ are natural numbers and 3 ≤ k ≤ 16. Mr. Moneylal invested
12,340 at r% per annum compounded annually for 3 years. Find the number of possible values of ‘k’ and the maximum amount that Mr. Moneylal can realize at the end of the third year.(a) 5 and
41,647.50 (b) 3 and
21,323.50(c) 5 and
38,871.50(d) 3 and
41,657.50(e) 3 and 33, 672.50(Challenging )

1) a
2) b
3) c
4) d
5) e

Asked In MBA (12 years ago)

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