A man deposits 5000 rupee yearly. After his two yearly installment, he stops the deposition. The a

M4maths Previous Puzzles

09 Dec 2010 Policy output?

A man deposits 5000 rupee yearly. After his two yearly installment, he stops the deposition. The amount he will receive
after 2 year with a yearly interest of 10% is

OPtion

1) 11750
2) 11250
3) 11500
4) 11600
5) 11900
6) 11550
7) 11650
8) 11700
9) 11525
10) 11510

Solution

Output for first 5000 rupee is 5000*1.1*1.1 = 6050
Output for second 5000 rupee is 5000*1.1 = 5500
Total output = 6050 + 5500
= 11550

Correct Option: 6 Best Solution (5)

SUDESHNA SEN   13 years AGO

Month 1: His amount is= 5000*1.1= Rs. 5500
Month 2: He deposits (5500+5000)= Rs. 10500
And he will receive= 10500*1.1= Rs. 11550..... Option 6)

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goutam Choudhury   13 years AGO

For Rs 5000 he will get Rs 500+ Rs 500=Rs 1000 as interest for two years.For Rs 5000 he will get Rs 500 as interest in d 2nd year.For Rs 500 he will get Rs 50 as interest in the 2nd Year. So he will get total interest Rs 500+Rs500+Rs 500+Rs 50=Rs1550.So he will receive after two years Rs10000+Rs1550=Rs11550.

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Dr.Dipin Singh   13 years AGO

A man deposits 5000 rupee yearly. After his two yearly installment, he stops the deposition. So he deposits Rs 5000 for 1 years and gets interest of Rs 500 .Deposits 5000 more for one year. So he will get interest on Rs 10500 for 1 years @10% means Rs 1050.


Total amt to be recd = 10500+1050=11550

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Sumandeep Ghosh   13 years AGO

after 1st year he will get 5500
then he adds 5000 again so the total amount will be 10500
its 10% will be 1050
so after 2yr he will get 11550

Like? Yes (1) | No   

Manikanta   13 years AGO

11550

Like? Yes (1) | No