Multiple Choice Questions on The CI on a certain sum at 10 pa for 2yrs is Rs 6548 What is SI on the sum of money at 7 pa for 4 yr........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

The CI on a certain sum at 10 pa for 2yrs is Rs 6548 What is SI on the sum of money at 7 pa for 4 yr...........

Quantitative Aptitude ( CCS) Compound Interest
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    The CI on a certain sum at 10% pa for 2yrs is Rs.6548. What is SI on the sum of money at 7%pa for 4 yrs(approx) ?

    8700

    Incorrect Answer

    8731

    Correct Answer

    8370

    Incorrect Answer

    8470

    Incorrect Answer
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    Explanation:

    CI = p [ {1 + (10/100)}2 – 1] 6548 = p [(110/100) 2 – 1] 6548 =p (121 – 100)/100
    P = 654800/21 =31,181
    SI = 31181*7*4/100 = 8731

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