Railways R.R.C. (Jabalpur) Solved Paper Held on 1st Shift 30-11-2014

  • question_answer What will be the compound interest accrued on an amount of Rs. 15,000 at the rate of 8% per annum in 2 years?

    A) Rs. 2376

    B)               Rs. 2, 596

    C) Rs. 2, 476                     

    D) Rs. 2, 496

    Correct Answer: D

    Solution :

    Compound interest \[=15000\,\,\left[ {{\left( 1+\frac{8}{100} \right)}^{2}}-1 \right]\] \[=15000\,\,\left[ {{\left( \frac{27}{25} \right)}^{2}}-1 \right]\] \[=15000\,\,\left[ \frac{104}{625} \right]\] \[=Rs.\,\,2496\]

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