arrow
arrow
arrow
A certain sum of money on a certain annual rate of interest becomes ₹1008 in 2 years and ₹ 1164 in 312\frac 1221​​ years. Find the sum and the annual
Question



A certain sum of money on a certain annual rate of interest becomes ₹1008 in 2 years and ₹ 1164 in 312\frac 12​ years. Find the sum and the annual rate of interest.

A.

₹800, 12%

B.

₹875, 12.5%

C.

₹850, 12%

D.

₹800, 13%

Correct option is D

The amount 1008 becomes 1164 in 1.5 years i.e:
In 3/2 years the interest earned = 1164 - 1008 = 156
Interest earned in 1 year = 156/(3/2) = 104
Amount in after two year = Principal + Interest of two year
1008 = P + (2 × 104)
P = 1008 - 208 = 800
S.I = PRT/100
208 = (800 × r × 2)100
r = 13%

Free Tests

Free
Must Attempt

Basics of Education: Pedagogy, Andragogy, and Hutagogy

languageIcon English
  • pdpQsnIcon10 Questions
  • pdpsheetsIcon20 Marks
  • timerIcon12 Mins
languageIcon English
Free
Must Attempt

UGC NET Paper 1 Mock Test 1

languageIcon English
  • pdpQsnIcon50 Questions
  • pdpsheetsIcon100 Marks
  • timerIcon60 Mins
languageIcon English
Free
Must Attempt

Basics of Education: Pedagogy, Andragogy, and Hutagogy

languageIcon English
  • pdpQsnIcon10 Questions
  • pdpsheetsIcon20 Marks
  • timerIcon12 Mins
languageIcon English

Similar Questions

test-prime-package

Access ‘UGC NET December’ Mock Tests with

  • 60000+ Mocks and Previous Year Papers
  • Unlimited Re-Attempts
  • Personalised Report Card
  • 500% Refund on Final Selection
  • Largest Community
students-icon
368k+ students have already unlocked exclusive benefits with Test Prime!
Our Plans
Monthsup-arrow