Railways PYQCBT 1 2020

RRB NTPC · Question 51

A sum of money amounts to Rs. 12,100 in 2 years and Rs. 13,310 in 3 years, when compounded annually. Find the rate of interest.

  1. 12%

  2. 9%

  3. 10%

  4. 8%

Show answer & explanation

Answer: (C) 10%

Explanation

One year's growth: 13310/12100 = 1.1, so the rate is 10% per annum.