SSC CGL – Combined Graduate Level Examination · Question 64
A certain amount invested at 15% compound interest per annum, compounded annually, becomes ₹4,235 in 2 years. What is 120% of the principal?
Show answer & explanation
Answer: (D) ₹3,840
Explanation
P = 4,235/1.3225 ≈ 3,202; 120% ≈ ₹3,843 ≈ ₹3,840.