SSC CGL Model Paper 13

Question : 63 of 100

Marks: +1, -0

What is the compound interest on Rs. 8000 in 2 years at 12.5% rate compounded annually.

Solution:

\CI=\P[1+\R/100]^\T-\P

\CI=8000[(1+12.5/100)^2-1]

=8000(81/64-1)=2125

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