10th Class Mathematics Related to Competitive Exam Question Bank Commercial Mathematics

  • question_answer
    A sum of money becomes Rs. 13380 after 3 years and Rs. 20070 after 6 years on compound interest. The sum is

    A)  Rs. 8800              

    B)  Rs. 8890

    C)  Rs. 8920          

    D)         Rs. 9040

    Correct Answer: C

    Solution :

      Let the sum be Rs. x. Then          .....(i) \[x{{\left( 1+\frac{R}{100} \right)}^{3}}=13380\] and        \[x{{\left( 1+\frac{R}{100} \right)}^{6}}=20070\] ?..(II) Dividing equation (ii) by (0, we get \[{{\left( 1+\frac{R}{100} \right)}^{3}}=\left( \frac{20070}{13380} \right)=\left( \frac{3}{2} \right)\] \[\therefore \] \[x\frac{3}{2}=13380\] \[\Rightarrow \]               \[x=\left( 13380\times \frac{2}{3} \right)=8920\] Hence, the sum is \[Rs.\text{ }8920\]


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