SSC Sample Paper SSC CGL - Sample Paper-13

  • question_answer
    If the rate of interest is 10% per annum and is compounded half yearly, the principal of Rs. 400 in 3/2 yr will amount to

    A) Rs. 463.00                    

    B) Rs. 463.05

    C) Rs. 463.15                    

    D) Rs. 463.20

    Correct Answer: B

    Solution :

    Given,   \[R=\frac{10}{2}=5%\] \[T=3,\] \[P=Rs.\,400\] \[\therefore \]      \[A=P{{\left( 1+\frac{R}{100} \right)}^{T}}\]             \[=400{{\left( 1+\frac{5}{100} \right)}^{3}}\]             \[=400{{\left( \frac{21}{20} \right)}^{3}}=Rs.\,463.05\]

You need to login to perform this action.
You will be redirected in 3 sec spinner