SSC Sample Paper Mock Test-18 SSC CGL Tear-II Paper-1

  • question_answer
    A sum of money becomes Rs. 4500 after 2 yr and Rs. 6750 after 4 yr on compound interest. The sum is

    A) Rs. 4000

    B)  Rs. 2500

    C)  Rs. 3000

    D)  Rs. 3050

    Correct Answer: C

    Solution :

    Let the sum be Rs. x and.
    rate of interest per annum be r.
    \[\therefore \]      \[4500=x{{\left( 1+\frac{r}{100} \right)}^{2}}\]
    \[6750=x{{\left( 1+\frac{r}{100} \right)}^{4}}\]
    On dividing Eq. (ii) by Eq. (i), we get
    \[\frac{6750}{4500}={{\left( 1+\frac{r}{100} \right)}^{2}}\]\[\Rightarrow \]\[{{\left( 1+\frac{r}{100} \right)}^{2}}=\frac{9}{6}=\frac{3}{2}\]
    Substituting this value in Eq. (i), we get
    \[x\times \frac{3}{2}=4500\]\[\Rightarrow \]\[x=\frac{4500\times 2}{3}\]= Rs. 3000


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