Management Aptitude Test 2018 Paper

Question : 88 of 200

Marks: +1, -0

What will be the compound interest on a sum of ₹ 1875 after 2 yrs if the rate of interest for the first year is 4% and that for the second year is 8%?

₹ 231
₹ 341
₹ 241
None of these

Validate

Solution:

(a) Amount after 2 yr = 1875

(1+4/100)(1+8/100)

= 1875 x

104/100×108/100

= ₹ 2106
Cl = ₹ (2106 - 1875) = ₹ 231

Go to Question:

Prev Question

Next Question