Arithmetichard · Past Paper
At what rate of CI will Rs. 2000 amount to Rs. 2315.25 in 3 years?
A4%
B5%
C6%
D8%
✓ Correct Answer: B — 5%
2315.25/2000 = 1.157625. (1.05)^3 = 1.157625. Rate is 5%.
Share this question
More from Arithmetic
- If 10% VAT is added to a price of Rs. 500, what is the final price?
- If a man gains 10% by selling an article for Rs. 330, find the profit amount.
- Find the profit percentage if an item bought for Rs. 40 is sold for Rs. 50.
- A sum of money is divided into two parts in the ratio 5:3. If the first part is Rs 20 more than the second part, find the total sum.
- A pen is sold for Rs. 120 at a profit of Rs. 20. What was the cost price?