Multiple Choice Questions on The ratio of interest on two different schemes is the same and it is 20 But in one of the schemes th........... for CDS Exam Preparation

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Multiple Choice Questions

The ratio of interest on two different schemes is the same and it is 20 But in one of the schemes th...........

Quantitative Aptitude (CDS) LCM, HCF
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    The ratio of interest on two different schemes is the same and it is 20%. But in one of the schemes, the interest is compounded half yearly and in the other the interest is compounded annually. Equal amounts are invested in the schemes. If the difference of the returns after 2 years is Rs 482 , then what is the principal amount in each scheme?

    Rs. 10,000

    Incorrect Answer

    Rs. 16,000

    Incorrect Answer

    Rs. 20,000

    Correct Answer

    Rs. 24,000

    Incorrect Answer
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    Explanation:

    If Principal is rs. 1 then difference return(interest)
    =(1.1)4 - (1.2)2  = 1.4641 -1.44 = 0.0241
    P= 482/0.0241=2x104 = Rs. 20,000

    By: Munesh Kumari
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