A) Rs4096
B) Rs 4260
C) Rs4335
D) Rs4360
Correct Answer: A
Solution :
[a] Simple interest on Rs 4624 for 1 year = \[Rs\text{ }\left( 4913-4624 \right)=Rs\text{ }289.~\] \[\therefore \,\,Rate=\left( \frac{100\times 289}{4624\times 1} \right)%=6\frac{1}{4}%\] Let P be the sum that becomes Rs 4624 in 2 years at \[6\frac{1}{4}\] % p.a. C. I. \[\therefore \,\,\,\,\,\,P=\frac{\Alpha }{{{\left( 1+\frac{r}{100} \right)}^{2}}}=Rs.\left( 4624\times \frac{16}{17}\times \frac{16}{17} \right)\] = Rs 4096
You need to login to perform this action.
You will be redirected in
3 sec
