CAT 2020 Exam Shift 2 Solved Paper

Question : 75 of 76

Marks: +1, -0

For the same principal amount, the compound interest for two years at

5 \%

per annum exceeds the simple interest for three years at

3 \%

per annum by Rs

1125 .

Then the principal amount in rupees is

Solution:

Let the principal be

P

.
Given

(P ×(1+\;{5}/{100})^{2}-P)-(\;{P × 3 × 3}/{100})=1125

⇒ P(0.1025-0.09)=1125

⇒ P=90,000

Go to Question:

Prev Question

Next Question