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Banking Sample Paper IBPS Clerk (PT) Sample Paper Test-1

  • question_answer
    The simple interest accrued on a sum of money in 8 years is Rs. 992. If the principal is tripled after four years then what will be the total interest at the end of 8 years?

    A)  Rs.1888                       

    B)  Rs.1984           

    C)    Rs.2028           

    D)    Rs.1962           

    E)  Rs.2120

    Correct Answer: B

    Solution :

    Simple interest for 8 yrs = 992 Simple interest for 1 yr \[=\frac{992}{8}=124\] Simple interest for first 4 yrs = 496 Now for triple capital the interest for next 4 yrs = \[496\times 3=1488\] \[\therefore \] Total interest = 496 + 1488 = Rs. 1984


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