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Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-6

  • question_answer
    With a growth rate of 8% per annum, what will be the production of a company in 2002, if the production in 2000 was 17000?

    A)  19720

    B)  19828.8

    C)  18360

    D)  Cannot be determined

    E)  None of these

    Correct Answer: B

    Solution :

     Required production \[=P{{\left( 1+\frac{Rate}{100} \right)}^{Time}}\] \[=17000{{\left( 1+\frac{8}{100} \right)}^{2}}\] \[=17000\times \frac{27}{25}\times \frac{27}{25}=19828.8\]


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