Tech Mahindra Company Numerical Ability Simple & Compound Interest

At what rate of interest (compounded yearly)will Rs.10,000 amount to Rs.12100 in 2 years?

a) 11%
b) 8%
c) 10%
d) 9%

Read Solution (Total 1)

C.I=P(1+R/100)^N
12100=10000(1+R/100)^2
121/100=(1+R/100)^2
(11/10)^2=(1+R/100)
R=10%
8 years agoHelpfull: Yes(4) No(0)

Tech Mahindra Other Question

An oil of Rs.42 per kg is mixed with 10 kg oil of Rs.69 per kg. If price of mixture oil is Rs.60 per kg then what is the quantity of first type of oil in the mixture?

a) 6 kg
b) 5 kg
c) 8 kg
d) 4 kg The amount of principal Rs.8000 at compound interest at the ratio of 5% p.a. for 3 years is

a) Rs.9621
b) Rs.6921
c) Rs.9261
d) Rs.6261