Railways Sample Paper RRB (Assistant Loco Pilot & Technician) Sample Test Paper-5

  • question_answer
    What will be the compound interest accrued on a sum of Rs. 35000 at the rate of 8 p.c.p.a. in 2 years?

    A)  Rs. 5,884                     

    B)  Rs. 5,284

    C)  Rs. 5,524           

    D)    None of these

    Correct Answer: D

    Solution :

     C.I.         \[=P\left[ {{\left( 1+\frac{R}{100} \right)}^{T}}1 \right]\]          \[=35000\left[ {{\left( 1+\frac{8}{100} \right)}^{2}}1 \right]\]           \[=35000\left[ {{\left( \frac{27}{25} \right)}^{2}}1 \right]\]            \[=35000\left( \frac{729}{625}\,\,1 \right)\]            \[=\frac{35000\,\,\,\,\,\,104}{625}\,=\]Rs. 5824

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