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

  • question_answer
    The compound interest on Rs. 2000 for 9 months at 8% per annum being given when the interest is compounded quarterly is

    A)  Rs. 122

    B)  Rs. 130

    C)  Rs. 150

    D)  Rs. 145

    Correct Answer: A

    Solution :

    [a] \[C.I.=2000\left[ {{\left( 1+\frac{8}{100\times 4} \right)}^{4\times \frac{9}{12}}}-1 \right]\] P = 2000, R = 8% p.a. t = 9 months \[=\frac{9}{12}\,year\] \[C.I.=2000\left[ {{\left( 1+\frac{8}{100\times 4} \right)}^{4\times \frac{9}{12}}}-1 \right](n=4)\] \[=2000\left[ {{\left( \frac{102}{100} \right)}^{3}}-1 \right]=Rs.\,122.\] \[\therefore \] The compound interest is Rs. 122


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