Postal or Sorting Assistants Model Paper 6 With Solutions

Question : 9 of 100

Marks: +1, -0

Calculate die amount on ₹ 1875 for 2 years at 4% per annum, compounded yearly.

Solution:

A=P

[1+\text"R"/100]^\text"T"

Where A=Amount. P=Principal R=Rate % pa* annum
T = Time in years
A

= 1875 [1+4/100]

=1875×26/25×26/25

A = ₹ 2028

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