Multiple Choice Questions on If Compound Interest on certain sum for 2 years is 352 at some rate of interest and Simple Interest ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

If Compound Interest on certain sum for 2 years is 352 at some rate of interest and Simple Interest ...........

Quantitative Aptitude ( CCS) Compound Interest
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    If Compound Interest on certain sum for 2 years is 352 at some rate of interest and Simple Interest on same rate for 3 years is 480, then find the sum.

    Rs 800

    Correct Answer

    Rs 1000

    Incorrect Answer

    Rs 700

    Incorrect Answer

    Rs 900

    Incorrect Answer
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    Explanation:

    SI for 1 years= 480/3 =160 (as SI is same for every year)
    SI for 2 years=320
    CI for w year=352; diff=32
    32=20% of 160
    hence r=20%
    20%=160
    100%=800

    Hence, opton 1 is the correct answer.

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