SSC CGL Tier II 12 Apr 2015 Paper

Question : 3 of 100

Marks: +1, -0

The sum of money which becomes ₹ 2420 at 10 % rate of compound interest after two years is

Solution:

. (1)

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

⇒ 2420= {P} (1+ {10}/{100} )^{2}

⇒2420= {P} (1+ {1}/{10} )^{2}= {P} ( {11}/{10} )^{2}

⇒ P= {2420 × 10 ×10}/{11× 11}=R s .2000

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