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Railways PYQCBT 1 2016

RRB NTPC · Question 49

Gitesh took a loan for 4 years at 5% Compound Interest. If the total amount paid was Rs. 431.01, Calculate the principal. A. Rs. 354.5 B. Rs. 345.5 C. Rs. 445.5 D. Rs. 545.5

  1. B

  2. D

  3. C

  4. A

Show answer & explanation

Answer: (D) A

Explanation

Amount = P × (1.05)⁴ = P × 1.21550625 = 431.01. So P = 431.01/1.2155 ≈ Rs 354.6, i.e. Rs 354.5 among the options.