SSC Sample Paper SSC CHSL (10+2) Sample Test Paper-5

  • question_answer
    The compound interest on Rs. 6,000 at 10% per annum for \[1\frac{1}{2}\]years, when the interest being compounded annually, is

    A)  Rs. 910                        

    B)  Rs. 870

    C)  Rs.930               

    D)         Rs.900

    Correct Answer: C

    Solution :

     Amount             \[=6000\left( 1+\frac{10}{100} \right)\times \left( 1+\frac{\frac{1}{2}\times 10}{1000} \right)\]             \[=6000\times \frac{11}{10}\times \frac{21}{10}=Rs.\,\,6930\] \[\therefore \]      \[CI=Rs.\,\,(6930-6000)\]             \[=Rs.\,\,930\]


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