Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-2

  • question_answer
    Ms. Khyati deposits an amount of Rs. 68,400 to obtain a simple interest at the rate of 18 p.c.p.a. for 4 years. What total amount will Ms. Khyati get at the end of 4 years?

    A)  Rs. 1,17,648    

    B)  Rs. 1,10,284

    C)  Rs. 1,13,334                

    D)  Rs. 116,472

    E)  None of these

    Correct Answer: A

    Solution :

     \[SI=\frac{Principal\text{ }\times Time\text{ }\times Rate}{100}\] \[=\frac{68400\times 4\times 18}{100}=Rs.\,49248\] \[\therefore \]Required amount = Rs. \[\left( 68400\text{ }+\text{ }49248 \right)=Rs.\,\,\,117648\]


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