Multiple Choice Questions on A man borrows a certain sum of from the bank at 7 interest compounded annually and pays Rs 51294 6 a........... for RRB(NTPC) Exam Preparation

Back to Main Page

Multiple Choice Questions

A man borrows a certain sum of from the bank at 7 interest compounded annually and pays Rs 51294 6 a...........

Quantitative Aptitude (RRB NTPC) Compound Interest
    Download Solution PDF

    A man borrows a certain sum of from the bank at 7% interest compounded annually and pays Rs. 51294.6 as compound interest after 2 years. What was the sum borrowed?

    Rs.462,000

    Incorrect Answer

    Rs.382,000

    Incorrect Answer

    Rs.354,000

    Correct Answer

    Rs.428,000

    Incorrect Answer
    छोटे Courses बड़े Results
    Master Compound Interest
    Prepare through Micro-courses
    Try Now
    Explanation:
    Principal (P)=?
    We are given
    r=7%
    t=2 years
    CI= 51294.6 Rs.
    51294.6=P*(107/100)^2
    51294.6=P*1449/10000
    P=3540000rs

    By: Barka Mirza
    ProfileResources

    Let's Discuss

    Master
    Compound Interest
    With abhipedia
    Micro Courses
    Try Now
    What our students have to say
    Review on us
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free