1.

S.I. on certain sum of money at 5% p.a. for 4 years is Rs. 1,750. What would be C.I. at same rate of interest and for same time period?1. Rs. 1,9002. Rs. 1,885.683. Rs. 1,8854. Rs. 1,880

Answer» Correct Answer - Option 2 : Rs. 1,885.68

Given:

S.I. on certain sum of money at 5% p.a. for 4 years is Rs. 1,750.

Concepts used:

S.I. = P × R × T/100

C.I. = P × [1 + (R/100)]– P

Calculation:

S.I. = P × R × T/100

⇒ Rs. 1,750 = P × 5 × 4/100

⇒ P = Rs. 1,750 × 100/5 × 4 

⇒ P = Rs. 8,750

C.I. = P × [1 + (R/100)]– P

⇒ Rs. 8,750 × [1 + (5/100)]– Rs. 8,750

⇒ Rs. 10,635.68 – Rs. 8,750

⇒ Rs. 1,885.68

∴ C.I. for 4 years at 5% p.a. on principal amount being, Rs. 8,750 is Rs. 1,885.68.



Discussion

No Comment Found

Related InterviewSolutions