IIFT · 2014 · Question 30 of 35

IIFT 2014 QA Question 30 · Arithmetic - Simple & Compound Interest

Answer it first: the answer and the solution appear right after.

Q30 Arithmetic - Simple & Compound Interest MULTIPLE CHOICE

Eight years after completion of your MBA degree, you start a business of your own. You invest INR 30,00,000 in the business that is expected to give you a return of 6%, compounded annually. If the expected number of years by which your investment shall double is 72/r, where r is the percent interest rate, the approximate expected total value of investment (in INR) from your business 48 years later is:

→At a certain simple rate of interest, a given sum amounts to Rs 13920 in 3 years, and to Rs 18960 in 6 years…CAT 2025 QA Slot 1 →A loan of Rs 1000 is fully repaid by two installments of Rs 530 and Rs 594, paid at the end of first and seco…CAT 2025 QA Slot 2 →Ramesh bought a mobile from a local store. He paid 1/6 of the price via UPI and 1/3 of the price via cash. He…XAT 2025 QADI →A certain amount of money at compound interest grows to ₹66,550 in 3 years and ₹73,205 in 4 years. The rate p…CMAT 2024 Slot 1 QA

Discussion