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    Question

    A sum is lent on compound interest for 2 years at 13%

    p.a. If the compound interest on the sum is Rs.4153.5, find the sum.
    A 13000 Correct Answer Incorrect Answer
    B 15000 Correct Answer Incorrect Answer
    C 11000 Correct Answer Incorrect Answer
    D 14000 Correct Answer Incorrect Answer

    Solution

    Let the sum be Rs.x. According to question, => 4153.5 = x(1.13)2 – x => 4153.5 = 1.2769x – x => 4153.5 = 0.2769x => x = Rs.15000

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