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Banking Sample Paper SBI PO (Main) Sample Test Paper-6

  • question_answer
    Direction: Study the following table carefully to answer the questions given below:
    Name Nature of Interest Principal Amount Year Rate (%)
    M Compound Rs.10000 4
    N Simple Rs.29500 3
    O Compound Rs.20000 2 3
    P Simple 4
    Q Compound 5 2
    What is the amount of Q when the principal of Q is 20% more than that of M?

    A)  Rs. 32321.5     

    B)  Rs. 13248.97    

    C)  Rs. 54974.19                

    D)  Rs. 32863.24    

    E)  Rs. 17952.35

    Correct Answer: B

    Solution :

    Principal of \[Q=10000\times \frac{120}{100}=\]Rs. 12000 \[\therefore \]Amount of \[Q=12000{{\left( 1+\frac{2}{100} \right)}^{5}}\] \[=\frac{12000\times 102\times 102\times 102\times 102\times 102}{10000000000}\]


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