Multiple Choice Questions on Compound interest on a certain sum of money at 20 per annum for 2 years is Rs 5984 What is the SI on........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Compound interest on a certain sum of money at 20 per annum for 2 years is Rs 5984 What is the SI on...........

Quantitative Aptitude ( CCS) Compound Interest
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    Compound interest on a certain sum of money at 20% per annum for 2 years is Rs.5984.What is the SI on the same money at 9% per annum for 6 years ?

    7320

    Incorrect Answer

    7233

    Incorrect Answer

    7433

    Incorrect Answer

    7344

    Correct Answer
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    Explanation:

    5984 = p [(1+(20/100)2) -1] P = (5984*25)/11 = 13600
    SI = (13600*9*6)/100 = 7344

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