Arithmetichard · Past Paper
The difference between simple and compound interest on a sum for 3 years at 5% is Rs 12.20. Find the sum.
ARs 1600
BRs 1500
CRs 1200
DRs 1800
✓ Correct Answer: A — Rs 1600
Diff = P(R/100)^2 * (3 + R/100) => 12.2 = P(0.0025)(3.05) => 12.2 = 0.007625P => P = 1600.
Share this question
More from Arithmetic
- Price of sugar increases by 20%. By what percentage must a consumer reduce consumption so that expenditure remains same?
- The difference between CP and SP is Rs. 240. If the profit is 20%, find the SP.
- If a price increases from Rs. 50 to Rs. 60, what is the percentage increase?
- If 10% of x is the same as 20% of y, then x : y is equal to:
- Convert 3/5 to a percentage.