SSC CGL Tier 1 :: Quantitative Aptitude QA Test 1

    Quantitative Aptitude » QA Test 1 » General Questions - Discussion
    [ A ]    650
    [ B ]    680
    [ C ]    600
    [ D ]    662 right
    1 .

    What approximate compound interest can be obtained on an amount of ` 3,980 after 2 years at 8 p.c.p.a. ?
    Answer : Option D
    Explanation :
    Equivalent % interest for compound rate of interest of 8% for 2 years
    = 8+8+ $8X8\over100$ = 16.64%
    So, interest = 16.64% of 3980 » 662
    Workspace Report error
    Write your comments here:
    Name *: Email:

    Copyright 2018 | Privacy Policy | Terms and Conditions | Contact us | Advertise

    @ Jenisys Systems Pvt Ltd