UP Police Constable Exam Model Paper 3

Question : 88 of 150

Marks: +1, -0

P = 7500; R = 4%; t = 2 years
Find CI?

Solution:

GIVEN:
P = 7500
R = 4%
t = 2 years
FORMULAE USED:
CI = P((1 + r/100)

^\t

- 1)
CALCULATION:
CI = 7500((1 + 4/100)

^2

- 1)
⇒ CI = 7500 (676 - 625)/625
⇒ CI = 12 × 51
∴ CI = 612

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