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Railways Sample Paper RRBs Assistant Loco Pilot and Technician CBT STAGE-I Sample Paper-7

  • question_answer
    How much will Rs. 25000 amount to in 2 yr at compound interest, if the rates for the successive years be 4% and 5% per year?

    A)  Rs. 26600        

    B) Rs. 27300

    C)  Rs. 27100        

    D)  Rs. 28050

    Correct Answer: B

    Solution :

    Amount \[=25000\left( 1+\frac{4}{100} \right)\left( 1+\frac{5}{100} \right)\] \[=25000\left( \frac{26}{25} \right)\left( \frac{21}{20} \right)=\]Rs. 27300


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