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SSC Sample Paper SSC CHSL (10+2) Sample Test Paper-12

  • question_answer
    Sumit invested Rs.24000 in a bank for three years. If the rate of interest for 1st, 2nd and 3rd year are 5%, 10% and 4% respectively and the interest is compounded annually, then how much money will be deposited in his account after three years?

    A)  Rs.27472      

    B)  Rs.28828.80

    C)  Rs.345240                 

    D)  Rs.546280

    Correct Answer: B

    Solution :

     Required sum \[=24000\left( 1+\frac{5}{100} \right)\,\left( 1+\frac{10}{100} \right)\,\left( 1+\frac{4}{100} \right)\] \[=Rs.\,24000\times 1.05\times 1.10\times 1.04\] \[\mathbf{=}\,\,\]


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