Compound Interest Practice Test 4

Question : 6 of 40

Marks: +1, -0

The amount obtained from an investment of Rs. 3025 at 10% per annum compound interest for 3 years is equal to the amount obtained from the investment of a certain sum of money at 10% per annum compound interest for 5 years. Find the sum of investment in the second case.

Rs. 2500
Rs. 2415
Rs. 2480
Rs. 2550

Validate

Solution:

Here,

P(1+10/100)^5=3025(1+10/100)^3

⇒P×(11/10)^2=3025

∴P= 3025×100/121=2500

Go to Question:

Prev Question

Next Question