CAT Exam Category

If C.I for 3 years is 1000 on a certain sum at the rate of 10% p.a. compounded annually, then what is the C.I for 7th year?
(a) 1464.1
(b) 1331
(c) 1500
(d) 1372.4
Please explain.

Read Solution (Total 1)

C.I=P [1+R/100]^n
So P[1+10/100]^3=1000--------(1)
P[1+10/100]^7=x------------------(2)

Dividing(2) by (1) we get x=1464.1 ans
6 years agoHelpfull: Yes(0) No(0)

CAT Other Question

Four working ladies A, B, C and D are sitting around a table.
(I) A sits opposite to the cook.
(II) B sits on the right side of the beautician.
(III) Teacher is one of the left side of an accountant.
(IV) D sits opposite to C.
(V) C is to the right of the accountant.
15. What are the occupations of A and B ?
a. Accountant and Beautician b. Accountant and cook c. Accountant
and Teacher d. Teacher and Cook
16. What is the occupation of C ?
a. Beautician b. Teacher c. Accountant d. Cook cube of n has 16 factors find no. of factors of n to the power 4