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Railways Sample Paper RRB (Assistant Loco Pilot) Sample Test Paper-3

  • question_answer
    If Rahim deposited the same amount of Rs. x in a bank at the beginning of successive 3 years and the bank pays simple interest of 5% per annum, then the amount at his credit at the end of 3rd year will be:

    A)  \[Rs.\,\,\frac{1261}{400}x\]              

    B)  \[Rs.\,\,\frac{21}{20}x\]        

    C)              \[Rs.\,\,\frac{26481}{8000}x\]            

    D)                     \[Rs.\,\,\frac{861}{400}x\]    

    Correct Answer: C

    Solution :

    Amount deposited in first year =Rs. x Amount deposited in second year = Rs.x Amount deposited in third year = Rs.x Principle =Rs 3x (Rs.x for 3 year, Rs. x for 2 years and Rs. x for 1 year) Simple interest on Rs.x for 6 years \[=x\times \frac{5}{100}\times 6=0.3x\] So, amount at the end of3rdyear \[=3x+0.3x=3.3x\] So, correct answer is (c) \[=Rs.\frac{26481}{8000}x\]


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