Arithmetic Ability
Compound Interest

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Q.

Compound interest on a certain sum of money at 20% per annum for 2 years is Rs.5995. What is the SI on the same money at 8% per annum for 6 years ?

View Answer

Correct choice: B

Explanation:

Given C.I = 5984, R = 20% , T = 2yrs C.I = P[(1+(20/100)2)−1] 5984 = => P = (5995x25)/11 P = Rs. 13625 Now S.I = PTR/100 SI = (13625 x 8 x 6)/100 = Rs. 6540
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