CUET General Test - A woman wants to give Rs 32,800 to her two grand children aged 17 years and 18 years. They must get the annual amounts when they are 20 years at 5% p.a. compound interest. Find the present share of the younger grand child. | PYQs + Solutions

CUET General Test 2023 19 June Shift 1

Arithmetic

Hard

Rs 12,800

Rs 16,400

Rs 16,000

Rs 8,400

✅ Correct Option: 3

Related questions:

15 June Shift 2

Rs. 800 becomes Rs. 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what will Rs. 800 amount to in 3 years:

21 May Shift 1

What sum of money will amount to Rs. 520 in 5 years and to Rs 568 in 7 years on simple interest?

20 May Shift 2

Consider the compound interest in the following cases:

(A) The compound interest on Rs 16000 at 20% per annum for 9 months, compounded quarterly is Rs. 2500

(B) The compound interest on Rs 2800 at 10% per annum for 18 months is Rs. 434.

Choose the correct statement(s):

CUET General Test 2023 19 June Shift 1 PYQs

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