SSC Sample Paper SSC CGL - Sample Paper-13

  • question_answer
    The compound interest on Rs. 10000 in 2 yr at 4% per annum, the interest being compounded half-yearly, is

    A) Rs. 636.80                    

    B) Rs. 824.32

    C) Rs. 912.86                    

    D) Rs. 828.82

    Correct Answer: B

    Solution :

    \[A=10000{{\left( 1+\frac{2}{100} \right)}^{4}}\] \[=10000{{\left( \frac{51}{50} \right)}^{4}}\] \[=10824.3216\] \[\therefore \] Interest \[=10824.3216-10000\]             \[=Rs.\,824.32\]

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