SSC Sample Paper Mock Test-1 SSC CGL Tear-II Paper-1

  • question_answer
    The compound interest on Rs. 6000 for 3 yr at 8% for first year, 10% for second year and 12% for third year

    A) Rs. 1982.185                 

    B)  Rs. 1982.936

    C)  Rs. 1983.250                

    D)  Rs. 1983.366

    Correct Answer: D

    Solution :

    Here, \[{{R}_{1}}=8%,\]\[{{R}_{2}}=10%,\]\[{{R}_{3}}=12%,\]P=Rs.6000 \[T={{T}_{1}}+{{T}_{2}}+{{T}_{3}}+=3\,\,yr;\]\[{{T}_{1}}={{T}_{2}}={{T}_{3}}=1\,\,yr\] \[\therefore \]A = 6000\[\left( 1+\frac{8}{100} \right)\left( 1+\frac{10}{100} \right)\left( 1+\frac{12}{100} \right)\] = Rs. \[\left[ 6000\times \left( \frac{108}{100} \right)\times \left( \frac{110}{100} \right)\times \left( \frac{112}{100} \right) \right]\] =Rs.\[\left[ 6000\times \frac{27}{25}\times \frac{11}{10}\times \frac{28}{25} \right]\] =Rs. 7983.366 \[\therefore \]Compound interest \[=7983.366-6000\]


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