RRB Assistant Loco Pilot and Technician Model Paper 1 with solutions

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Question : 18 of 100

Marks: +1, -0

What would be the compound interest of ₹ 25000 for 2 yrs. at 5% per annum

₹2500
₹ 2562.5
₹ 2425.25
₹ 5512.5

Solution:

CI =

\P[1+\R/100]^\t

- P
=

25000[1+5/100]^2 -

25000
=

25000[(105/100)^2 -1]

=

25000[{11025-10000}/10000]

= 5 x

1025/2

= ₹ 2562.5

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