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SSC Sample Paper SSC CGL - Sample Paper-21

  • question_answer
    What is the present worth of? 132 due in 2 yr at 5% simple interest per annum?

    A) Rs. 120 

    B) Rs. 122

    C) Rs. 112             

    D) Rs. 118.80

    Correct Answer: A

    Solution :

    Let the principals \[=Rs.\,x\] Given that, \[A=Rs.\,132,\]             \[r=5%\] And      \[n=2yr\] \[\therefore \]      \[132-x=\frac{x\times 5\times 2}{100}\] \[\Rightarrow \]   \[\frac{11x}{10}=132\] \[\Rightarrow \]   \[x=\frac{132\times 10}{11}=120\]        


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