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Railways PYQCBT 2 2017

RRB NTPC · Question 108

How much will Sangita get, if she deposits Rs. 37,000 at a simple rate of interest of 4.5% p.a. after two years?

  1. Rs. 40330

  2. Rs. 3330

  3. Rs. 39960

  4. Rs. 2960

Show answer & explanation

Answer: (A) Rs. 40330

Explanation

SI = 37000 × 4.5 × 2/100 = Rs 3330. Amount = 37000 + 3330 = Rs 40,330.