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SSC Sample Paper SSC CGL - Sample Paper-23

  • question_answer
    What sum of money will become Rs. 1352 in 2 years at 4 per cent per annum compound interest?

    A) Rs. 1200                       

    B) Rs. 1225

    C) Rs. 1250           

    D) Rs. 1300

    Correct Answer: C

    Solution :

    Given that, \[A=Rs.\,1352,\] \[n=2\,yr\] and \[r=4%\] \[\therefore \]      \[A=P{{\left( 1+\frac{r}{100} \right)}^{n}}\] \[\Rightarrow \]   \[1352=P{{\left( 1+\frac{4}{100} \right)}^{2}}\] \[\Rightarrow \]   \[P=\frac{1352\times 25\times 25}{26\times 26}=1250\]   


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