SSC CPO SI and ASI Model Paper 3

Question : 144 of 200

Marks: +1, -0

A sum of money amounts to ₹10,648 in 3 years and₹ 9,680 in 2 years under compound interest. The rate of interest per annum is

Solution:

(2) Percentage increase in thevalue of money in

3^r^d

year:

{10648–9680}/9680×100= 10%

∴Rate of interest per annum= 10%

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