2. Sample Papers
  3. Railways

Railways Sample Paper RRB (Group D) 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 :

    [d] 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


You need to login to perform this action.
You will be redirected in 3 sec spinner