A sum amounts to Rs 2358 at the rate of 10 %.p.a. in 20 years. What is the sum?

M4maths Previous Puzzles

23 Mar 2020 Simple Interest

A sum amounts to Rs 2358 at the rate of 10 %.p.a. in 20 years. What is the sum?

OPtion

1) 716
2) 726
3) 736
4) 786
5) 756
6) 766
7) 776
8) 706
9) 796
10) None of these

Solution

A = P (1+ RT/100 )
2358 = P (1 + 10*20/100)
=> 2358 = P (3)
=> 786

Correct Option: 4 Best Solution (2)