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Railways PYQCBT 1 2016

RRB NTPC · Question 8

Rs. 10000 is being compounded at 20% per annum. Calculate the amount after 2 years if the rate of interest is charged half-yearly. A. Rs. 10041 B. Rs. 14641 C. Rs. 12000 D. Rs. 13660

  1. C

  2. D

  3. A

  4. B

Show answer & explanation

Answer: (D) B

Explanation

Compounded half-yearly at 20% p.a., the rate is 10% per half-year for 4 half-years. Amount = 10000 × 1.1⁴ = 10000 × 1.4641 = Rs 14,641.