{"id":1786,"date":"2021-08-17T14:54:50","date_gmt":"2021-08-17T14:54:50","guid":{"rendered":"https:\/\/www.wikitechy.com\/interview-questions\/?p=1786"},"modified":"2021-09-07T05:53:57","modified_gmt":"2021-09-07T05:53:57","slug":"a-certain-sum-amounts-to-rs-7000-in-2-years-and-to-rs-8000-in-3-years-find-the-sum","status":"publish","type":"post","link":"https:\/\/www.wikitechy.com\/interview-questions\/compound-interest\/a-certain-sum-amounts-to-rs-7000-in-2-years-and-to-rs-8000-in-3-years-find-the-sum\/","title":{"rendered":"A certain sum amounts to Rs. 7000 in 2 years and to Rs. 8000 in 3 years. Find the sum ?"},"content":{"rendered":"
\n
\n

A certain sum amounts to Rs. 7000 in 2 years and to Rs. 8000 in 3 years. Find the sum ?<\/p>\n

\n
\n

A. Rs 6959.37<\/p>\n<\/div>\n

\n

B. Rs 6459.37<\/p>\n<\/div>\n

\n

C. Rs 5359.37<\/p>\n<\/div>\n

\n

D. Rs 5759.37<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Answer :\u00a0<\/b>C. Rs 5359.37\u2026<\/h3>\n
\n

Explanation :<\/h2>\n<\/div>\n
\n
\n

Amount = Rs. 7000, Time = 2 years
\nAmount = Rs. 8000, Time = 3 years
\nTo calculate sum, we must first calculate rate of interest.
\nSimple interest = PRN \/ 100<\/p>\n

S.I. on Rs. 7000 for 1 year = Rs. (8000 \u2013 7000) = Rs. 1000
\n1000 = 7000 \u00d7 R \u00d7 1 \/ 100
\nR = 11 23\/7%
\nLet sum be Rs. X
\n7000 = P [ 1 + ( 100 \/ 7 \u00d7 100 ) ]2<\/sup>
\n8 \/ 7 \u00d7 8 \/ 7 \u00d7 P = 7000
\nP = 5359.37<\/p>\n<\/div>\n<\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Answer :\u00a0C. Rs 5359.37…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11983],"tags":[11987,12090,12083,12082,12085,12084,12086,12093,12092,12088,10954,10957,10956,10977,10972,10984,11000,12087,11005,10944,10945,10966,10942,10947,11012,11010,10985,10973,11014,10982,10998,10981,11015,12097,11997,12096,12100,12095,10969,10960,10983,9747,10988,12098,10995,10993,10971,11016,10970,11004,10987,10958,11003,10974,10940,10959,9751,10980,10976,11002,10986,10994,10951,11009,10943,286,10946,9385,10979,10992,10949,12094,10989,10996,9391,11007,10965,10955,11011,10964,10961,12043,10997,16273,10978,10963,10967,10990,12101,12102,12000,12099,11006,10941,11001,10950,10991,10975,10952,12091,12089,10953,11008,10948,10999,11013,10962,16269,10968],"class_list":["post-1786","post","type-post","status-publish","format-standard","hentry","category-compound-interest","tag-a-certain-sum-amounts-to-rs-7000-in-2-years-and-to-rs-8000-in-3-years-find-the-sum","tag-a-certain-sum-of-money-amounts-to-rs-2500","tag-a-certain-sum-of-money-amounts-to-rs-2500-in-a-span-of-5-years","tag-a-certain-sum-of-money-amounts-to-rs-756-in-2-years","tag-a-certain-sum-of-money-at-a-certain-rate-become-2100-in-2-years","tag-a-certain-sum-of-money-at-simple-interest-amounts-to-rs-1012","tag-a-certain-sum-of-money-at-simple-interest-becomes-rs-1062","tag-a-certain-sum-of-money-doubles-itself-in-8-years","tag-a-sum-of-money-amounts-to-rs-6200-in-2-years","tag-a-sum-of-money-amounts-to-rs-6690","tag-adani-enterpris-interview-questions-and-answers","tag-adani-green-energy-ltd-interview-questions-and-answers","tag-adani-ports-ltd-interview-questions-and-answers","tag-adani-total-gas-ltd-interview-questions-and-answers","tag-adani-transmission-ltd-interview-questions-and-answers","tag-ambuja-cements-interview-questions-and-answers","tag-apollo-hospital-interview-questions-and-answers","tag-at-what-rate-percent-per-annum-will-a-sum-of-money-double-in-16-years","tag-aurobindo-pharm-interview-questions-and-answers","tag-avenue-supermarts-ltd-interview-questions-and-answers","tag-axis-bank-interview-questions-and-answers","tag-bajaj-auto-interview-questions-and-answers","tag-bajaj-finance-interview-questions-and-answers","tag-bajaj-finserv-ltd-interview-questions-and-answers","tag-balkrishna-industries-interview-questions-and-answers","tag-bandhan-bank-interview-questions-and-answers","tag-berger-paints-interview-questions-and-answers","tag-bharat-petroleum-corporation-ltd-interview-questions-and-answers","tag-biocon-interview-questions-and-answers","tag-britannia-industries-ltd-interview-questions-and-answers","tag-cadila-health-interview-questions-and-answers","tag-coal-india-ltd-interview-questions-and-answers","tag-colgate-interview-questions-and-answers","tag-compound-interest-aptitude","tag-compound-interest-problems-for-bank-exams","tag-compound-interest-question-with-solution","tag-compound-interest-sums","tag-compound-interest-tricks","tag-dabur-india-ltd-interview-questions-and-answers","tag-divis-labs-interview-questions-and-answers","tag-dlf-interview-questions-and-answers","tag-dr-reddys-labs-interview-questions-and-answers","tag-eicher-motors-ltd-interview-questions-and-answers","tag-find-compound-interest-rate","tag-gail-india-ltd-interview-questions-and-answers","tag-gland-pharma-ltd-interview-questions-and-answers","tag-godrej-consumer-products-ltd-interview-questions-and-answers","tag-godrej-properties-interview-questions-and-answers","tag-grasim-industries-ltd-interview-questions-and-answers","tag-gujarat-gas-ltd-interview-questions-and-answers","tag-havells-india-ltd-interview-questions-and-answers","tag-hdfc-life-insurance-company-ltd-interview-questions-and-answers","tag-hero-motocorp-interview-questions-and-answers","tag-hindalco-industries-ltd-interview-questions-and-answers","tag-hindustan-unilever-ltd-interview-questions-and-answers","tag-hindustan-zinc-ltd-interview-questions-and-answers","tag-icici-lombard-interview-questions-and-answers","tag-icici-prudential-life-insurance-interview-questions-and-answers","tag-indian-oil-corporation-ltd-interview-questions-and-answers","tag-indus-towers-ltd-interview-questions-and-answers","tag-indusind-bank-interview-questions-and-answers","tag-interglobe-aviation-interview-questions-and-answers","tag-jsw-steel-interview-questions-and-answers","tag-jubilant-foodworks-ltd-interview-questions-and-answers","tag-kotak-mahindra-bank-interview-questions-and-answers","tag-lt-infotech-interview-questions-and-answers","tag-larsen-and-toubro-ltd-interview-questions-and-answers","tag-lupin-interview-questions-and-answers","tag-mm-interview-questions-and-answers","tag-marico-interview-questions-and-answers","tag-maruti-suzuki-interview-questions-and-answers","tag-maths-compound-interest-questions-with-solutions","tag-motherson-sumi-systems-interview-questions-and-answers","tag-muthoot-finan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