Arithmetichard · Past Paper
A certain sum of money amounts to Rs 2420 in 2 years and Rs 2662 in 3 years at compound interest. Find the rate.
A8%
B9%
C10%
D12%
✓ Correct Answer: C — 10%
Interest on Rs 2420 for 1 year = 2662 - 2420 = 242. Rate = (242*100)/(2420*1) = 10%.
Share this question
More from Arithmetic
- In an examination, 35% of the total students failed in Hindi, 45% failed in English and 20% in both. Find the percentage of those who passed in both subjects.
- The length of a rectangle is increased by 60%. By what percent should the width be decreased so as to maintain the same area?
- If a dozen apples cost Rs. 120 and are sold for Rs. 12 each, find the profit percentage.
- What is 20% of 150?
- The ratio of two numbers is 5:9. If 10 is subtracted from each, the ratio becomes 5:11. The numbers are: