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A sum amounts to Rs. 1352 in 2 yr at 4% compound interest. The sum is

A) RS.1250
B) RS.1200
C) RS.1300
D) RS.1260

Correct Answer:

A) RS.1250

Description for Correct answer:

Using the formula, A = \( \Large P \left( 1+ \frac{R}{100}\right)^{n} \)

=> 1352=\( \Large P \left(1+\frac{4}{100} \right)^{2} \)

=> 1352=\( \Large P(1.04)^{2} \)

P=\( \Large \frac{1352}{(1.04)^{2}} \)=RS.1250

Part of solved Compound interest questions and answers : >> Aptitude >> Compound interest

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