Register Now

Login

Lost Password

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

The compound interest on a certain sum of money for 2 years at 5% is Rs. 328, then the sum is =

a) Rs. 3000
b) Rs. 3600
c) Rs. 3200
d) Rs. 3400

Answer: c
Explanation: Go check with option one by one (Go with option (C) and check it.)
Principal is Rs. 3200
3200 of 5% for 1st year = 160
then, principal = 3200 + 160 = 3360
3360 of 5% for 2nd year = 168
Interest = 160 + 168 = 328

Join The Discussion