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SSC Sample Paper Mock Test-10 SSC CGL Tear-II Paper-1

  • question_answer
    The compound interest on Rs. 10000 in 2 yr at 4% per annum, the interest being compounded half-yearly is

    A)  Rs. 636.80

    B)  Rs. 824.32

    C)  Rs. 912.86

    D)  Rs. 828.82

    Correct Answer: B

    Solution :

    \[A=10000{{\left( 1+\frac{2}{100} \right)}^{4}}\] \[=10000{{\left( \frac{51}{50} \right)}^{4}}=10824.3216\] \[\therefore \] Interest \[=10824.3216-10000\] = Rs. 824.32


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