2. Sample Papers
  3. Railways
  4. Quantitative Aptitude
  5. Compound Interest

Railways Quantitative Aptitude Compound Interest Sample Paper Simple Interest & Compund Interest Sample Test Paper-15

  • question_answer
    Compound interest on Rs. 1600 at 2.5% p.a. for 2 years is

    A)  Rs. 80 

    B)  Rs. 81

    C)  Rs. 82             

    D)  Rs. 1681

    Correct Answer: B

    Solution :

    [b] \[(1+r)=1+\frac{1}{40}=\frac{41}{40}\] \[\therefore \] Amount\[=1600\times \frac{41}{40}\times \frac{41}{40}=1681\] \[\therefore \,\] Compound Interest = Rs. 1681 ? Rs. 1600 = Rs. 81


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