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SSC Sample Paper Mock Test-13 SSC CGL Tear-II Paper-1

  • question_answer
    An amount of Rs. 6000 lent at 5% per annual compound interest for 2 yr will become

    A) Rs. 600

    B)  Rs. 6600 

    C)  Rs. 6610

    D)  Rs. 6615

    Correct Answer: D

    Solution :

    \[A=P{{\left( 1+\frac{R}{100} \right)}^{T}}=6000{{\left( 1+\frac{5}{100} \right)}^{2}}\] \[=6000\times \frac{21}{20}\times \frac{21}{20}\]= Rs. 6615


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