SSC CGL Tier II 12 Apr 2015 Paper

Question : 2 of 100

Marks: +1, -0

When principal =₹ S, rate of interest = 2r % p.a, then a person will get after 3 years at compound interest

Solution:

(3) Principal (P) = Rs. S
Rate (R) = 2r% per annum
∴ Amount

= {P} (1+ { {R}}/{100} )^{ {T}}

=S (1+ {2 r}/{100} )^{3}=S (1+ {r}/{50} )^{3}

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