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SSC CGL Tier 2 Exam 12 Jan 2017 Paper 1
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© examsnet.com
Question : 49
Total: 100
A man borrowed some money and agreed to pay-off by paying Rs. 3150 at the end of the 1st year and Rs. 4410 at the end of the 2nd year. If the rate of compound interest is 5% per annum, then the sum is
Rs. 5000
Rs. 6500
Rs. 7000
Rs. 9200
Validate
Solution:
(3)
P
=
x
1
1
+
R
100
+
x
2
(
1
+
R
100
)
2
=
R
s
.
(
3150
1
+
5
100
+
4410
(
1
+
5
100
)
2
)
=
R
s
.
(
3150
1
+
1
20
+
4410
(
1
+
1
20
)
2
)
=
R
s
.
(
3150
21
20
+
4410
(
21
20
)
2
)
=
R
s
.
(
3150
×
20
21
+
4410
×
400
441
)
= Rs. (3000 + 4000)
= Rs. 7000
© examsnet.com
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