Postal or Sorting Assistants Model Paper 9 With Solutions

Question : 20 of 100

Marks: +1, -0

A sum of money becomes ₹ 13, 380 after 3 years and ₹ 20, 070 after 6 years on compound interest. The sum (in Rupees) is:

Solution:

13, 380= P[1+R/100]^3

20 ,070= P[1 +R/100]^6

20070= P[13380/P]^2

P =

[13380/20070]^2=8920

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