Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-4

  • question_answer
    What will be the compound interest accrued on a sum of Rs. 35000 at the rate of 8 p.c.p.a. in 2 years?

    A)  Rs. 5,884

    B)  Rs. 5,284

    C)  Rs. 5,524

    D)  Rs. 5,428

    E)  None of these

    Correct Answer: E

    Solution :

     C.I. \[=P\left[ {{\left( 1+\frac{R}{100} \right)}^{T}}-1 \right]\] \[=35000\left[ {{\left( 1+\frac{8}{100} \right)}^{2}}-1 \right]\] \[=35000\left[ {{\left( \frac{27}{25} \right)}^{2}}-1 \right]\] \[=35000\left( \frac{729}{625}-1 \right)\] \[=\frac{35000\times 104}{625}=\,\,Rs.5824\]


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