Arithmetic Ability
Compound Interest

93 / 134

Q.

If the compound interest on a certain sum at 16 2/3% to 3 years is Rs.1270, find the simple interest on the same sum at the same rate and f or the same period.

View Answer

Correct choice: A

Explanation:

Let the sum be Rs. x. Then, C.I=[x*(50/(300*100))3−x]=(343x/216−x)=127x/216 ⇔127x/216=1270 x=2160 Thus, the sum is Rs. 2160 S.I=Rs.[2160*50/3*3*1/100]=Rs 1080
93 / 134