What is the compound interest on a principal of for years at per annum compounded annually?
Answer and explanation
Correct answer: B.
- Step 1: Amount formula is .
- Step 2: Compound interest is .
Answer
.
Why not the others: is simple interest (); adds interest incorrectly; and is the total maturity amount.
Practise more Quantitative aptitude and arithmetic.
Free questions with an explanation for every one, and full timed CUET UG mock tests.
More Quantitative aptitude and arithmetic questions
- If the price of sugar increases by , by what percentage must a household reduce its consumption so that the expenditure on sugar remai…
- A shopkeeper sells an article for at a loss of . At what price should he sell it to gain a profit of ?
- The ratio of boys to girls in a college of students is . How many more girls must be admitted to make the ratio ?
- A can complete a piece of work in days, and B can complete the same work in days. If they work together, in how many days will the…
- A train running at a uniform speed of crosses a stationary pole in . What is the length of the train?
- The average score of 5 consecutive odd numbers is 27. What is the value of the largest of these odd numbers?