Rs 30000 is lent at compound interest… - CUET UG 2025 General Test PYQ

CUET UG 2025 — General Test Arithmetic

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Rs 30000 is lent at compound interest of 7 % per annum for 2 years. Find out the amount after two years.

Official previous-year question

Held on 30 May 2025 · Verified 13 Jul 2026.

Options

A
Rs 34000
B
Rs 43437
C
Rs 34347
D
Rs 33449

Did you get this right?

Solution

Principal (P) = Rs 30,000

Rate (R) = 7% per annum

Time (T) = 2 years

The compound interest formula is:

$A = P(1 + \frac{R}{100})^T$

where A is the final amount.

Substituting the values:

$A = 30,000(1 + \frac{7}{100})^2$

$A = 30,000(1 + 0.07)^2$

$A = 30,000(1.07)^2$

Calculating $(1.07)^2$ :

$1.07 \times 1.07 = 1.1449$

Therefore:

$A = 30,000 \times 1.1449$

$A = 34,347$

The amount after two years is Rs 34,347.

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