IBM Aptitude Questions | On the off chance that the accumulated dividends on a specific total of cash for a long time at 10% for each annum be Rs. 993, what might be the basic intrigue?
On the off chance that the accumulated dividends on a specific total of cash for a long time at 10% for each annum be Rs. 993, what might be the basic intrigue?
OPTIONS
- Rs.840
- Rs.590
- Rs.695
- Rs.900
Rs. 900
Explanation:
P = Principal
A – Amount
We have a = P (1 + R/100)3 and CI = A – P
ATQ 993 = P (1 + R/100)3 – P
∴ P = Rs 3000/ –
Presently SI @ 10% on Rs 3000/ – for 3 yrs = (3000 x 10 x 3)/100
= Rs 900/ –
