A sum of money is borrowed and paid back in two annual instalments of Rs. 882 e

Question

A sum of money is borrowed and paid back in two annual instalments of Rs. 882 each allowing 5% compound interest. The sum borrowed was:

Answer: Option B
- = 882 + 882 ( 1+ 5 ) 100 ( 1+ 5 ) 2 100 = 882 x 20 + 882 x 400 21 441 = Rs. 1640

Was this answer helpful ?

Next Question

More Questions on This Topic :

Question 1. Divide Rs. 3903 between A and B, so that A's Share at the end of 7 years may equal to B's share at the end of 9 years, ....

Question 2. Some money was lent on 4% C.I. If the difference in interest of second and the first year is Rs. 88, find out the sum ....

Question 3. Vibhor borrows Rs 65,000 at 10% per annum simple interest for 3 years and lends it at 10% per annum compound interest f....

Question 4. A sum of money becomes Rs. 6690 after three years and Rs. 10035 after six years on compound interest. The sum is - ....

Question 5. A sum of money at compound interest amounts to Rs. 578.40 in 2 years and to Rs. 614.55 in 3 years. The rate of interest....

Question 6. A sum of Rs. 12,000 deposited at compound interest becomes double after 5 years. After 20 years, it will become: ....

Question 7. A sum is invested at compounded interest payable annually. The interest in two successive years was Rs. 500 and Rs. 540....years was Rs. 500 and Rs. 540. The sum is

Question 8. Vivek borrowed a certain sum from Anil at a certain rate of simple interest for 2 years. He lent this sum to Ram at the....

Question 9. If a sum on compound interest becomes three times in 4 years, then with the same interest rate, the sum will become 27 ....same interest rate, the sum will become 27 times in:

Question 10. On a sum of money, the simple interest for 2 years is Rs. 660, while the compound interest is Rs. 696.30, the rate of i....same in both the cases. The rate of interest is:

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI

Tabulation - Test Paper 2 Data Interpretation Reasoning & DI

Test Paper 1 Direction Sense Test Reasoning & DI

ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0

GFM Combined 1 Free Revision Test SAIL JO E-0