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Q: Compound interest on a certain sum of money at 20% per annum for 2 years is Rs.5995. What is the SI on the same money at 8% per annum for 6 years ?

  • 1
    Rs. 5989
  • 2
    Rs. 6540
  • 3
    Rs. 7844
  • 4
    Rs. 6789
  • Show Answer
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Answer : 2. "Rs. 6540"
Explanation :

Answer: B) Rs. 6540 Explanation: Given C.I = 5984, R = 20% , T = 2yrs  C.I = P1+201002-1   5984 =    => P = (5995x25)/11   P = Rs. 13625   Now S.I = PTR/100   SI = (13625 x 8 x 6)/100 = Rs. 6540

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