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Railways Sample Paper RRB (Assistant Loco Pilot) Sample Test Paper-8

  • question_answer
    What approximate compound interest can be obtained on an amount of Rs.3,980 after 2 years at 8 p.c.p.a.?

    A)  650                

    B)  680                 

    C)         600                

    D)         662                             

    Correct Answer: D

    Solution :

    Equivalent % interest for compound rate of interest of 8% for 2 years \[=8+8+\frac{8\times 8}{100}=16.64%\] So, interest \[=16.64%\]of \[3980\approx 662\]


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