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Railways Sample Paper RRB (Assistant Loco Pilot & Technician) Sample Test Paper-14

  • question_answer
    Mr. Gagan Rathee deposits an amount of Rs, 96,000 to obtain compound interest at the rate of 10 .p.c.p.a for 3 years. What total amount will Mr. Gagan Rathee get at the end of 3 years?

    A)  Rs. 1, 24,776               

    B)  Rs. 1,25, 776

    C)  Rs. 1, 26,776      

    D)      Rs.1, 27,776

    Correct Answer: D

    Solution :

     Amount     \[=\Pr incipal\,{{\left( 1+\frac{Rate}{100} \right)}^{Time}}\]    \[=96000{{\left( 1+\frac{10}{100} \right)}^{3}}\]     \[=96000\,\,\frac{11}{10}\,\,\,\frac{11}{10}\,\,\,\frac{11}{10}\]      =.Rs. \[127776\]


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