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Railways Sample Paper RRB (Group D) 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 :

    [c] 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 year\[=x\times \frac{5}{100}\times 6=0.3x\] So, amount at the end of 3rd year \[=3x+0.3x=3.3x\] So, correct answer is [c] =\[Rs.\,\,\frac{26481}{8000}x\]


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