SSC CPO SI and ASI Model Paper 8

(2) Amount at the end of 1 year= 50000 × 1.2 = ₹ 60,000
Amount to be paid after paying 1stinstallment = 60000 – 15000= ₹ 45,000
Amount at the end of 2nd year= 45000 × 1.2 =₹ 54,000
Amount to be paid after paying 2ndinstallment = 54000 – 15000= ₹ 39,000
Amount at the end of 3rd year= 39000 × 1.2 = ₹ 46,800
∴ Amount to be paid at the end of3rd year = ₹ 46,800