What sum of money will amount to Rs. 520 in 5 years and to Rs 568 in 7 years on simple interest? Option 1: Rs. 400 Option 2: Rs. 120 Option 3: Rs. 510 Option 4: Rs. 220

The answer is 'Rs. 400'. View full solution:

CUET General Test - What sum of money will amount to Rs. 520 in 5 years and to Rs 568 in 7 years on simple interest? | PYQs + Solutions

CUET General Test 2023 21 May Shift 1

Arithmetic

Easy

Rs. 400

Rs. 120

Rs. 510

Rs. 220

✅ Correct Option: 1

Related questions:

15 May Shift 1

The simple interest on Rs 7200 at 14% per annum for 7 years is:

3 June Shift 2

Consider the compound interest of the following

(A) The compound interest on Rs 30500 at 15% per annum for 2 years, (compounded annually) is: Rs. 9836.25

(B) The compound interest of Rs 5000 at 20% per annum for one year is compounded (half-yearly) is: Rs. 6050.

Which of the following statements is / are correct?

26 May Shift 1

If the difference between the compound and simple interests on a certain sum of money for 2 years at 20% per annum is ₹ 64, then the sum in ₹ will be:

CUET General Test 2023 21 May Shift 1 PYQs

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