RRB RPF RPSF SI and CONS Model Papers 9 with solutions

Question : 64 of 120

Marks: +1, -0

The compound interest on Rs. 10,000 in 2 years at 4% per annum, the interest being compounded half-yearly, is :

Solution:

(2) A

=10,000 (1+ {2}/{100} )^{4}

=10,000 ( {51}/{50} )^{4}=10824.3216

∴ Interest = 10824.3216 – 10,000 = Rs. 824.32

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