Multiple Choice Questions on What is the principal amount which earns Rs 210 as compound interest for the second year at 5 per an........... for CDS Exam Preparation

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Multiple Choice Questions

What is the principal amount which earns Rs 210 as compound interest for the second year at 5 per an...........

Quantitative Aptitude (CDS) Compound Interest
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    What is the principal amount which earns Rs. 210 as compound interest for the second year at 5% per annum?

    Rs. 2000

    Incorrect Answer

    Rs. 3200

    Incorrect Answer

    Rs. 4000

    Correct Answer

    Rs. 4800

    Incorrect Answer
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    Explanation:

    210 = P( 1 + R/100)  x  RT/100

    = P(1+ 5/100) x (5 x1)/100

    = P (105/100)(5/100)

    P= 4000

    By: Munesh Kumari
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