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IBPS Clerk Prelims Model Paper 7
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© examsnet.com
Question : 17
Total: 100
The sum of money invested at compound interest amounts to ₹ 4680 in 2 years and to ₹ 5616 in 3 years. What was the amount of sum invested?
₹ 3450
₹ 3000
₹ 3250
₹ 4100
₹ 3500
Validate
Solution:
SI on 3380 for 1 yr = 5616-4680 = 936
So rate = (100 x 936/4680 x 1)=20%
So, P
(
1
+
20
∕
100
)
2
=4680 Therefore, P = ₹ 3250
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