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SSC Sample Paper SSC CGL - Sample Paper-21

  • question_answer
    Raviraj invested an amount of Rs. 10000 at compound interest 1 rate of 10% per annum for a period of three years. How much amount will Raviraj get after three years?

    A) Rs. 13310         

    B) Rs. 13210

    C) Rs. 13320                     

    D) None of these

    Correct Answer: A

    Solution :

                Given  that, \[P=Rs.10000,\] \[r=10%,\] \[n=3\,yr\] \[\therefore \]      \[A=10000{{\left( 1+\frac{10}{100} \right)}^{3}}\]             \[=10000\times \frac{11}{10}\times \frac{11}{10}\times \frac{11}{10}\] \[=1331\times 10=Rs.\,13310\]   


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