RRB RPF RPSF SI and CONS Model Papers 4 with solutions

Question : 106 of 122

Marks: +1, -0

Ankur invested a sum of ₹16,800 for 4 years in a scheme A. The rate of interest in the scheme A is 8% per annum compounded yearly for the first 2 years, and 10% per annum compounded yearly for the third and fourth year. What will be the compound interest at the end of 4 years?

₹ 6,810
₹ 6,910
₹ 6,540
₹ 6,210

Validate

Solution:

(2) Amount at the end of 4 years

=16800 (1+ {8}/{100} )^{2}\ (1+ {10}/{100} )^{2}

=₹ 23,710.58

C.I. for 4 years = 23710.58-16800 = 6,910.58 ≈ ₹ 6,910

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