Railways PYQCBT 2 2017

RRB NTPC · Question 46

K borrowed Rs. P at a compound interest of 20% p.a. for 2 years. Interest amount payable was Rs. 5,280. What was the value of P?

  1. 12,000

  2. 11,000

  3. 11,750

  4. 12,500

Show answer & explanation

Answer: (A) 12,000

Explanation

CI = P(1.2² − 1) = 0.44P = 5280, so P = Rs 12,000.