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If the difference between the amount invested for 2.5 years compounding half-yearly at 20% p.a. and the amount invested for 4 years compounding annually at 10% p.a. was Rs. 29,282, find the principal, given that amount invested was same in both the cases.
  • a)
    Rs. 2,00,000
  • b)
    Rs. 2,50,000
  • c)
    Rs. 3,10,000
  • d)
    Rs. 3,20,000
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
If the difference between the amount invested for 2.5 years compoundin...
A.T.Q.

P(1 + 0.1)2 × 2.5 – P(1 + 0.1)4 = 29,282
P(1.1)5 – P(1.1)4 = 29,282
1.61051P – 1.4641P = 29,282
0.14641P = 29,282
P = 29,282/0.14641
P = Rs. 2,00,000
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If the difference between the amount invested for 2.5 years compounding half-yearly at 20% p.a. and the amount invested for 4 years compounding annually at 10% p.a. was Rs. 29,282, find the principal, given that amount invested was same in both the cases.a)Rs. 2,00,000b)Rs. 2,50,000c)Rs. 3,10,000d)Rs. 3,20,000Correct answer is option 'A'. Can you explain this answer?
Question Description
If the difference between the amount invested for 2.5 years compounding half-yearly at 20% p.a. and the amount invested for 4 years compounding annually at 10% p.a. was Rs. 29,282, find the principal, given that amount invested was same in both the cases.a)Rs. 2,00,000b)Rs. 2,50,000c)Rs. 3,10,000d)Rs. 3,20,000Correct answer is option 'A'. Can you explain this answer? for CAT 2025 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about If the difference between the amount invested for 2.5 years compounding half-yearly at 20% p.a. and the amount invested for 4 years compounding annually at 10% p.a. was Rs. 29,282, find the principal, given that amount invested was same in both the cases.a)Rs. 2,00,000b)Rs. 2,50,000c)Rs. 3,10,000d)Rs. 3,20,000Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If the difference between the amount invested for 2.5 years compounding half-yearly at 20% p.a. and the amount invested for 4 years compounding annually at 10% p.a. was Rs. 29,282, find the principal, given that amount invested was same in both the cases.a)Rs. 2,00,000b)Rs. 2,50,000c)Rs. 3,10,000d)Rs. 3,20,000Correct answer is option 'A'. Can you explain this answer?.
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