The principal, which will amount to Rs.270.40 in 2 years at the rate of 4% per a

Sail E0 Webinar

Question

The principal, which will amount to Rs.270.40 in 2 years at the rate of 4% per annum compound interest, is

Options:

A . Rs.220

B . Rs.200

C . Rs.250

D . Rs.225

Answer: Option C
Answer: (c)Using Rule 1,Let the principal be Rs.P.270.40 = P $(1 + 4/100)^2$270.40 = P $(1 + 0.04)^2$P = ${270.40}/{1.04 × 1.04}$ = Rs.250

Was this answer helpful ?

Next Question

Submit Solution

More Questions on This Topic :

Question 1. A man saves Rs.2000 at the end of each year and invests the money at 5% compound interest. At the end of 3 years he will....At the end of 3 years he will have :

Question 2. In what time will Rs.10,000 amount to Rs.13310 at 20% per annum compounded half yearly?....

Question 3. A loan of Rs.12,300 at 5% per annum compound interest, is to be repaid in two equal annual instalments at the end of eve....end of every year. Find the amount of each instalment.

Question 4. A man buys a scooter on making a cash down payment of Rs.16224 and promises to pay two more yearly instalments of equiva....annum, compounded yearly, the cash value of the scooter, is

Question 5. Rs. 16,820 is divided between two brothers of age 27 years and 25 years. They invested their money at 5% per annum compo....40 years. The share (in Rs.) of elder brother is

Question 6. A sum of money is paid back in two annual instalments of Rs. 17, 640 each, allowing 5% compound interest compounded annu....allowing 5% compound interest compounded annually. The sum borrowed was

Question 7. The income of a company increases 20% per year. If the income is Rs. 26,64,000 in the year 2012, then its income in the ....2012, then its income in the year 2010 was :

Question 8. On a certain sum of money, the simple interest for 2 years is Rs.350 at the rate of 4% per annum. If it was invested at ....as before, how much more interest would be earned ?

Question 9. The compound interest on a certain sum of money at a certain rate for 2 years is Rs.40.80 and the simple interest on the....and for the same time. The rate of interest is

Question 10. If the compound interest on a sum of money for 3 years at the rate of 5% per annum is Rs.252.20, the simple interest on ....at the same rate and for the same time 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

Chapter 3.1 : Overview of Finance & Accounts Department Chapter 3 : Finance & Accounts SAIL E0 - GFM 2024

Chapter 2.1 : Overview Chapter 2 : Materials Management SAIL E0 - GFM 2024

Chapter 1.1 : Personnel Functions- An overview Chapter 1 : Personnel Management SAIL E0 - GFM 2024

GPOE / GPA Combined 1 Free CBT Mock Test SAIL E0 2024

CBT Mixed Test 1 GPOE/GPA SAIL E0 2024