SSC CGL Model Paper 13

Question : 51 of 100

Marks: +1, -0

QUANTITATIVE APTITUDE

A Sum of Rs. x was borrowed and paid back in two equal yearly installments, each of Rs. 27930. If the rate of interest was

16 2/3%

compounded annually, then value of x is :

Solution:

Rate of interest

=16 2/3%

1/6

\table ,\Principal,\Amount; 1\year ,6×7=42,7×7=49;2\year,36/78,49

Each installment = 49 units
49 units → Rs. 27930 ⇒ 1 units → Rs. 570
Sum borrowed = 42 + 36 = 78 units
= 78 × 570 = Rs. 44460

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