SSC CGL Model Paper 8

Question : 60 of 100

Marks: +1, -0

If compound interest received on a certain amount in the 3rd year is ₹ 1240, what w ill be the compound interest (in ₹) for the 4th year on the same amount at 9% rate of interest?

1245.6
1521.6
1351.6
1220.6

Validate

Solution:

The compound interest for the 4th year

=1240+{1240×9}/100

= 1240 + 111.6 = ₹1351.6

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