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Delhi Police Constable Exam Model Paper 9
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© examsnet.com
Question : 88
Total: 100
If a person deposit Rs. 5000 every year in a bank at the rate of 10% p.a. compounded annually, What amount the bank pays him after 2 years?
12850
10500
12350
11550
Validate
Solution:
Person deposit in a bank every year = Rs. 5000
R = 10%
Time = 2 years
Formula:
A =
P
(
1
+
r
100
)
t
Calculation:
Total money received = Amount 5000 with 1 year interest and amount 5000 with 2 years interest
The bank pays him after 2 years
=
5000
×
(
1
+
10
100
)
2
+
5000
×
(
1
+
10
100
)
The bank pays him after 2 years
=
5000
×
(
121
100
)
+
5000
×
(
11
10
)
=
6050
+
5500
=
11550
© examsnet.com
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