Join ExamsbookAnswer : 2. "Rs. 6540"
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 ?5
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 ?
- 1Rs. 5989false
- 2Rs. 6540true
- 3Rs. 7844false
- 4Rs. 6789false
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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