SSC CGL Model Paper 2

Question : 60 of 100

Marks: +1, -0

Ganesh invested an amount of ₹ x in a fixed deposit scheme offering 5% per annum for 1st year and 15% per annum for 2nd year and received an amount of ₹9660 after two years. What is the value of x (in ₹)?

9000
8000
8500
8200

Validate

Solution:

By formula,

A = P(1+r_1/100)(1+r_2/100)

⇒

9660 = x(1+5/100)(1+15/100)

⇒

9660 = x(105/100)(115/100)

⇒

x= {9660 × 100 × 100}/{105×115}

∴

x=\₹8000

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