If a sum becomes Rs. 1,440 in 2 years at 20% p.a. compound interest, find the principal.

Type: MCQ • Marks: 1

A. 1) Rs. 1,100

B. 2) Rs. 1,000

C. 3) Rs. 1,250

D. 4) Rs. 1,200

Explanation

Amount = P(1.2)^2 => 1440 = 1.44 P => P = Rs. 1,000.

Want to attempt the full test series with a timer and instant score? Purchase the package to unlock the complete test. Purchase Now

UP TGT Mathematics

This page is indexed for search so students can find questions directly from Google.

Welcome to TutorWale!