### If the compound interest accrued on an amount of Rs 15000 in two years in Rs 2496 what is the rate of interest pcpa?

The total value after 2 years is 15000 + 2496 = 17496. So 17496 = 15000*(1 + r/100)2That is, (1 + r/100)2= 17496/15000 = 1.1664 (1 + r/100) = sqrt(1.1664) = 1.08 so r = 8% pa. The total value after 2 years is 15000 + 2496 = 17496. So 17496 = 15000*(1 + r/100)2That is, (1 + r/100)2= 17496/15000 = 1.1664 (1 + r/100) = sqrt(1.1664) = 1.08 so r = 8% pa. The…

### Two third of consignment was sold at a profit of 5 percent and the remainder at a loss of 2 percent. If the total profit was Rs400. what is the value of the consignment?

Let the value of the consignment be Rs y Profit on 2/3 of consignment = Rs (5×2×y)/(100×3) = Rs 10y/300 Loss on 1/3 of consignment = Rs (1×y×2)/(3×100) = Rs 2y/300 according to problem 10y/300 - 2y/300 = 400 (×300) 10y - 2y = 120000 or 8y = 120000 or y = 120000/8 or y = 15000 Therefore value of the consignment = Rs 15000