Management Aptitude Test Dec 2012 Paper

Question : 95 of 200

Marks: +1, -0

A sum of money lent at compound interest for 2 yr at 20% per annum would fetch ₹ 482 more, if the interest was payable half yearly than if it was payable annually. The sum is

₹ 10000
₹ 20000
₹ 40000
₹ 50000

Validate

Solution:

(b) If the sum be P, then according to the question,

P(1+20/200)^4

P(1+20/100)^2

= 482
⇒

P(11/10)^4

P(6/5)^2

= 482
⇒ P (1.4641 - 1.44) = 482
⇒ P =

482/0.0241

= ₹ 20000

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