CameraIcon

SearchIcon

MyQuestionIcon

2

You visited us 2 times! Enjoying our articles? Unlock Full Access!

Quantitative Aptitude

Progressions

Q. What was t...

Question

Q. What was the sum lent by a money lender, if he earned Rs. 1272 in 2 years at 12% rate under compound interest scheme.

A

4000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

4800

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

5000

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

6000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C 5000
CI for 2 years at 12% rate = P (1.12) $^{2}$ - 5000
1272 = $P \times 1.2544 - 5000$
P = $\frac{6272}{1.2544}$
P = 5000

Suggest Corrections

thumbs-up

0

Similar questions

Q. Q. Tom lent a sum of money at 20% compound interest for two years. If the interest is compounded half-yearly as opposed to annually he would earn Rs 964 more. The amount lent is

Q. A person borrowed Rs 5,500 from a money lender at the rate of 24% per annum simple interest. He lent this amount to his friend at the rate of 36% per annum simple interest. After two years he collected the amount due to the money lender. The amount he thus earned is

Q. Q. Mehul invested Rs. P for 3 years in a scheme which offered 10% p.a. Compound interest (compounded annually). He lent the interest earned from the scheme to Shikha at the rate of 8.33% p.a. simple interest. If at the end of 3 years, Shikha paid off her debt by paying Mehul Rs. 3310, what is the value of P?

Q. Shashi had a sum of money. Two-thirds of the total money he invested in scheme A for 6 years and rest of the money he invested in scheme B for 2 years. Scheme A offers a simple interest at the rate of 12% per annum and scheme B offers a compound interest (compounded annually) at the rate of 10% per annum. If the total sum obtained from both the schemes is Rs 2805. What was the total amount invested by him in scheme A and scheme B together?

Q. A sum of money is lent out at compound interest for two years at 20% per annum, compound interest being reckoned yearly. If the same sum of money was lent out at compound interest at the same rate per cent per annum, compound interest being reckoned half-yearly, it would have fetched Rs. 482 more by way of interest in two years. Calculate the sum of money lent out.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Fear of the Dark

QUANTITATIVE APTITUDE

Watch in App

explore_more_icon

Explore more

Other Quantitative Aptitude

Join BYJU'S Learning Program

CrossIcon