Multiple Choice Questions on The compound interest on any sum at the rate of 5 for two years is Rs 512 50 Find the sum ........ for Mathematics - All Exams Preparation

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Multiple Choice Questions

The compound interest on any sum at the rate of 5 for two years is Rs 512 50 Find the sum ........

Quantitative Aptitude ( CCS) Compound Interest
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    The compound interest on any sum at the rate of 5% for two years is Rs. 512.50. Find the sum

    Rs. 5200

    Incorrect Answer

    Rs. 4800

    Incorrect Answer

    Rs. 5000

    Correct Answer

    Rs. 5500

    Incorrect Answer
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    Explanation:

    Let the sum be x.

    512.50 = x|1+5100|^2 − 1 = x|441−400/400|

    x = 512.50 × 400 /41 = 5000

    Hence, option 3 is the correct answer.

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