Multiple Choice Questions on If the Principal P of A is 20 more than that of E then What is the amount of A ........ for Mathematics - All Exams Preparation

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Multiple Choice Questions

If the Principal P of A is 20 more than that of E then What is the amount of A ........

Quantitative Aptitude ( CCS) Data Table
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    Person

    Type of Interest

    Principal(P)

    Amount (A)

    Years

    Rate of Interest(%)

    A

    Compound

    —

    —

    2

    2

    B

    Simple

    —

    —

    4

    —

    C

    Compund

    20000

    —

    2

    4

    D

    Simple

    —

    29500

    3

    —

    E

    Compound

    10000

    —

    —

    4

    If the Principal(P) of A is 20% more than that of E, then What is the amount of A?

    12694.60

    Incorrect Answer

    16584.60

    Incorrect Answer

    12584.80

    Incorrect Answer

    12484.80

    Correct Answer
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    Explanation:

    Explanation :
    Principal(P) of A = 10000 * 120/100 = 12000
    A = P(1 + (R/100)n) = 12000(1 + (2/100)2) = 12484.80

    By: Pranav Gupta
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