The compound interest on a sum of Rs. 20,000 at 15% p.a. for \(2 \frac{2}{3}\)years, when interest compounded yearly is:This question was previously asked in Show
SSC CGL Tier 2 Quant Previous Paper 2 (Held On: 16 November 2020) View all SSC CGL Papers >
Answer (Detailed Solution Below)Option 2 : Rs. 9,095
 Free CT : General Intelligence and Reasoning (Practice Set) 10 Questions 20 Marks 8 Mins Given: Principal = Rs. 20000, Rate = 15%, Time = \(2\frac{2}{{3\;}}\;{\rm{years}}\) Formula used: Amount = Principal(1 + rate/100)time Calculation: Amount = Principal(1 + rate/100)time \(\Rightarrow 20000 \times {\left( {1 + \;\frac{{15}}{{100}}} \right)^2}\left( {1 + \;\frac{{\frac{2}{3} \times 15}}{{100}}} \right)\) \(\Rightarrow 20000 \times {\left( {\;\frac{{23}}{{20}}} \right)^2}\left( {\;\frac{{11}}{{10}}} \right)\) ⇒ 5 × 23 × 23 × 11 ⇒ 29095 Interest = Amount – Principal ⇒ 29095 – 20000 ⇒ 9095 ∴ The compound interest is Rs. 9095. Last updated on Nov 16, 2022 SSC CGL 2021 Skill Test Dates Announced! The Skill Test will be taking place on 4th and 5th January 2023. The SSC CGL Application Status for all Regions and SSC CGL Admit Card for NER, ER, WR, NWR, CR & MPR Regions is active. Candidates can log in to the regional website of SSC and check their application status. SSC CGL 2022 Tier I Prelims Exam will be conducted from 1st to 13th December 2022. The SSC CGL 2022 Notification was out on 17th September 2022. The SSC CGL Eligibility is a bachelor’s degree in the concerned discipline. This year, SSC has completely changed the exam pattern and for the same, the candidates must refer to SSC CGL New Exam Pattern. Stay updated with the Quantitative Aptitude questions & answers with Testbook. Know more about Interest and ace the concept of Compound Interest. Byju's Answer Standard VIII Mathematics Solving Equations with Variables on Both Sides In what time ... Question A 12 years No worries! We‘ve got your back. Try BYJU‘S free classes today! B 8 years No worries! We‘ve got your back. Try BYJU‘S free classes today! C 10 years Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses D 14 years No worries! We‘ve got your back. Try BYJU‘S free classes today! Open in App Solution The correct option is C10 yearsLet the Principal be xSI = P×R×T100= x×7.5×T100⇒ 34x = x×7.5×T100Cancelling x on both sides of the equation we get,T = 3×1007.5×4⇒ T = 10 years
Solving Equations with Variables on Both Sides Standard VIII Mathematics Suggest Corrections 0 Similar questions Q. In what time will the interest on a certainsum at 7.5% simple interest be34 times of itself? Q. In what time, will the simple interest on a certain sum of money at 614% p.a be 38 of the sum itself? Q. In what time will a sum of money double itself at 6.25% p.a simple interest? Q. In what time will the interest on a certain sum of money at 6% be 5/8 of itself Q. A sum of money becomes 43 of itself in 6 years at a certain rate of simple interest find the rate of interest. View More Solve Textbooks Question Papers What time will the interest on a certain sum of money at 6% be of itself?Given that sum of money at 6% be 5/8 of itself. Therefore, S.I = 5x / 8. T = (S.I × 100) / P × R. That is 10 years and 5 months.
In what time will be the interest on a certain sum of money at 6% be 5 by 8 of itself?In 10 years and 5 months the interest on a certain sum of money at 6% will be $\dfrac{5}{8}$of itself. Thus, the correct option is (B).
In what time will the simple interest on 500?In what time will the simple interest on 500 at 6% be equal to the interest on ₹540 for 8 yearsat 5%? Ans. 7.2 years)
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In what time will the interest on a certain sum of money at 7% be 11/4 of itself?
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