insurence exam NIACL AO (Pre + Mains) Mock Test Series 2024 Quantitative Aptitude Interest Compound Interest
'P' invested Rs. 'x' on 20% compound interest, compounded annually for 2 years. He then invested half the interest received at 40% p.a. simple interest for 8 years and gets Rs. 2310 as the amount. The amount received by 'P' from compound interest is :
(I) Rs. (x + 1100)
(II) Rs. (0.5x + 2350)
(III) Rs. (0.75x + 1625)
1
Only I
2
Only I and Only II
3
Only I and Only III
4
Only II and Only III
5
All I, II and III only