Tech Mahindra
Company
Numerical Ability
Simple & Compound Interest
A sum amounts to Rs.4410 in 2 years at the rate of 5% p.a. If interest was compounded yearly then what was the principal?
a) Rs.4000
b) Rs.5000
c) Rs.4500
d) Rs.4800
Read Solution (Total 2)
-
- CI=4410,R=5,N=2
CI=P[1+R/100]^2
=P[1+5/100]^2
4410=P[21/20]^2
4410[20/21]^2
4000 ANS - 8 years agoHelpfull: Yes(3) No(1)
- ci=4410,r-5,t=2
formula is ci=p(1+r/100)^n=t
4410=p(1+5/100)2
4410=p(4411/400)
p=4000 - 8 years agoHelpfull: Yes(0) No(0)
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