Sawaal
16
Q:

A sum of money invested at compound interest amounts to Rs. 800 in 3 years and to Rs. 840 in 4 years. The rate of interest per annum is

A) 6% B) 4%
C) 5% D) 7%

Answer:   C) 5%



Explanation:

S.I. on Rs.800 for 1 year

=Rs[840 - 800]

= Rs.40

 

Rate

=(100x40/800x1)%

= 5%

Subject: Compound Interest - Quantitative Aptitude - Arithmetic Ability
Exam Prep: Bank Exams
Job Role: Bank PO
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