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Aptitude · Q100

Compound Interest

Competitive Exams · Aptitude · question 100

Q100

A sum of Rs. 5324 is accumulated in 3 years at 10% compound interest, What is the original amount = ?

A.
Rs. 2000
B.
Rs. 4000
Answer
C.
Rs. 6000
D.
Rs. 3000

Answer: Option B

Solution

Answer: Option B
Solution:
Let the principal = 1000, r = 10%, T = 3Year
Rate r = 10% =
Compound Interest mcq solution image
Amount = 300 + 30 + 1 + 1000(Principal) = 1331
⇒1331 unit → 5324
⇒ 1unit →
∴ 1000unit =     = 4000