Railways Sample Paper RRB (Assistant Loco Pilot & Technician) Sample Test Paper-2

  • question_answer
    A sum of money amounts to Rs.6630 after 3 years and to Rs. 9945 after 6 years on compound interest find the sum.

    A)  4620               

    B)  4680

    C)  4480               

    D)       4420

    Correct Answer: D

    Solution :

     Let the sum be Rs. P. then \[P{{\left( 1+\frac{R}{100} \right)}^{3}}=6630.....(i)\] and             \[{{\left( 1+\frac{R}{100} \right)}^{6}}=9945.....(ii)\] On dividing, we get \[{{\left( 1+\frac{R}{100} \right)}^{3}}=\frac{9945}{6630}=\frac{3}{2}\] Substituting this value in (i), we get: \[P\times \frac{9945}{6630}=\frac{3}{2}=6630\] or P \[=\left( 6630\frac{2}{3} \right)=4420\] Hence, the sum is Rs.4420.


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