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SSC Sample Paper Mock Test-14 SSC CGL Tear-II Paper-1

  • question_answer
    A sum of Rs. 400 amounts to Rs. 480 in 4 yr. What will it amount to if the rate of interest is increased by 2%?

    A) Rs. 484

    B)  Rs. 560

    C)  Rs. 512

    D)  None of these

    Correct Answer: C

    Solution :

    Interest = Rs. \[(480-400)\] = Rs. 80 \[\therefore \]      \[80=\frac{400\times r\times 4}{100}\] \[\Rightarrow \]   r = 5 Now,     r = 7% \[\therefore \]      \[I=\frac{400\times 7\times 4}{100}=112\] \[\therefore \] Amount = Rs. (400 + 112) = Rs. 512


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