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Railways PYQCBT 2 2017

RRB NTPC · Question 65

A certain sum amounts to Rs. 7200 in 2 years at 20% per annum compound interest, compounded annually. Find the sum.

  1. Rs. 4800

  2. Rs. 6000

  3. Rs. 5400

  4. Rs. 5000

Show answer & explanation

Answer: (D) Rs. 5000

Explanation

P × 1.2² = 7200, so P = 7200/1.44 = Rs 5000.