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Railways R.R.C. (Delhi) Solved Paper Held on 1st Shift 2-11-2014

  • question_answer
    An investment in a mutual fund increased by 12% in a single day. If the value of the investment before the increase was Rs. 1, 300, what was the value after increase?                                      

    A) Rs. 1,300                      

    B) Rs. 156             

    C) Rs. 1,456                      

    D) Rs. 1.356   

    Correct Answer: C

    Solution :

    Using the formula, \[A=P\,\,{{\left( 1+\frac{r}{100} \right)}^{n}}\] Here,     \[p=1300,\] \[r=12%\] \[n=1\,\,day\]      \[A=1300\,\,\left( 1+\frac{12}{100} \right)\] \[=1300+1300\times \frac{12}{100}\] \[=1300+156\] \[=Rs.\,\,1456\]


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