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SSC Sample Paper SSC CGL - Sample Paper-29

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


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