Defence Exam > Defence Questions > On a sum of Rs. 25000, the interest at a rate...
Start Learning for Free
On a sum of Rs. 25000, the interest at a rate of 10% p.a. compounded annually. After 2 years it is what percentage of the total payable amount?
- a)14.65%
- b)17.35%
- c)20%
- d)21%
Correct answer is option 'B'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
On a sum of Rs. 25000, the interest at a rate of 10% p.a. compounded a...
GIVEN:
Principal = Rs. 25000
Rate = 10%
Time = 2%
FORMULA USED:
When the interest is compounded annually,
Amount = Principal × (1 + Rate/100)Time
CALCULATION:
Amount = 25000 × (1 + 10/100)2 = 25000 × 1.21 = Rs. 30250
Interest = Amount - Principal = 30250 - 25000 = Rs. 5250
∴ Required percentage = (5250/30250) × 100 = 17.35%
ALTERNATIVE METHOD:
Let the Principal = Rs 100.
Amount will be 1.1 × 1.1 × 100 = 121.
Interest= 121-100=21
Required percentage= 21/121~17-18%
Most Upvoted Answer
On a sum of Rs. 25000, the interest at a rate of 10% p.a. compounded a...
Calculation:
Given:
Principal amount (P) = Rs. 25000
Rate of interest (R) = 10% p.a.
Time (T) = 2 years
To find the total payable amount after 2 years, we use the formula for compound interest:
A = P * (1 + R/100)^T
Substituting the given values:
A = 25000 * (1 + 10/100)^2
A = 25000 * (1 + 0.1)^2
A = 25000 * (1.1)^2
A = 25000 * 1.21
A = 30250
Percentage Calculation:
To find the percentage, we need to calculate the difference between the total payable amount and the principal amount, and then express it as a percentage of the principal amount.
Difference = Total Payable Amount - Principal Amount
Difference = 30250 - 25000
Difference = 5250
Percentage = (Difference / Principal Amount) * 100
Percentage = (5250 / 25000) * 100
Percentage = 21%
Therefore, the total payable amount after 2 years is 21% more than the principal amount.
Hence, option (B) 17.35% is incorrect. The correct answer is option (D) 21%.
Given:
Principal amount (P) = Rs. 25000
Rate of interest (R) = 10% p.a.
Time (T) = 2 years
To find the total payable amount after 2 years, we use the formula for compound interest:
A = P * (1 + R/100)^T
Substituting the given values:
A = 25000 * (1 + 10/100)^2
A = 25000 * (1 + 0.1)^2
A = 25000 * (1.1)^2
A = 25000 * 1.21
A = 30250
Percentage Calculation:
To find the percentage, we need to calculate the difference between the total payable amount and the principal amount, and then express it as a percentage of the principal amount.
Difference = Total Payable Amount - Principal Amount
Difference = 30250 - 25000
Difference = 5250
Percentage = (Difference / Principal Amount) * 100
Percentage = (5250 / 25000) * 100
Percentage = 21%
Therefore, the total payable amount after 2 years is 21% more than the principal amount.
Hence, option (B) 17.35% is incorrect. The correct answer is option (D) 21%.
|
Explore Courses for Defence exam
|
|
Similar Defence Doubts
On a sum of Rs. 25000, the interest at a rate of 10% p.a. compounded annually. After 2 years it is what percentage of the total payable amount?a)14.65%b)17.35%c)20%d)21%Correct answer is option 'B'. Can you explain this answer?
Question Description
On a sum of Rs. 25000, the interest at a rate of 10% p.a. compounded annually. After 2 years it is what percentage of the total payable amount?a)14.65%b)17.35%c)20%d)21%Correct answer is option 'B'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about On a sum of Rs. 25000, the interest at a rate of 10% p.a. compounded annually. After 2 years it is what percentage of the total payable amount?a)14.65%b)17.35%c)20%d)21%Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On a sum of Rs. 25000, the interest at a rate of 10% p.a. compounded annually. After 2 years it is what percentage of the total payable amount?a)14.65%b)17.35%c)20%d)21%Correct answer is option 'B'. Can you explain this answer?.
On a sum of Rs. 25000, the interest at a rate of 10% p.a. compounded annually. After 2 years it is what percentage of the total payable amount?a)14.65%b)17.35%c)20%d)21%Correct answer is option 'B'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about On a sum of Rs. 25000, the interest at a rate of 10% p.a. compounded annually. After 2 years it is what percentage of the total payable amount?a)14.65%b)17.35%c)20%d)21%Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On a sum of Rs. 25000, the interest at a rate of 10% p.a. compounded annually. After 2 years it is what percentage of the total payable amount?a)14.65%b)17.35%c)20%d)21%Correct answer is option 'B'. Can you explain this answer?.
Solutions for On a sum of Rs. 25000, the interest at a rate of 10% p.a. compounded annually. After 2 years it is what percentage of the total payable amount?a)14.65%b)17.35%c)20%d)21%Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Defence.
Download more important topics, notes, lectures and mock test series for Defence Exam by signing up for free.
Here you can find the meaning of On a sum of Rs. 25000, the interest at a rate of 10% p.a. compounded annually. After 2 years it is what percentage of the total payable amount?a)14.65%b)17.35%c)20%d)21%Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
On a sum of Rs. 25000, the interest at a rate of 10% p.a. compounded annually. After 2 years it is what percentage of the total payable amount?a)14.65%b)17.35%c)20%d)21%Correct answer is option 'B'. Can you explain this answer?, a detailed solution for On a sum of Rs. 25000, the interest at a rate of 10% p.a. compounded annually. After 2 years it is what percentage of the total payable amount?a)14.65%b)17.35%c)20%d)21%Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of On a sum of Rs. 25000, the interest at a rate of 10% p.a. compounded annually. After 2 years it is what percentage of the total payable amount?a)14.65%b)17.35%c)20%d)21%Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice On a sum of Rs. 25000, the interest at a rate of 10% p.a. compounded annually. After 2 years it is what percentage of the total payable amount?a)14.65%b)17.35%c)20%d)21%Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Defence tests.
|
|
Explore Courses for Defence exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup