21508
Unique Id: 18401
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DIRECTIONS
for the question:
Solve the following question and mark the best possible option.
Sonika invested an amount of Rs. 5,800/- for 2 years. At what rate of compound interest will she get interest of Rs. 594.5 at the end of two years?
A)
5 p.c.p.a.
B)
4 p.c.p.a.
C)
6 p.c.p.a.
D)
8 p.c.p.a.
E)
None of these
A
Amount = P+C.I
A = 5800 + 594.5 = 6394.5
Using CI's formula for Amount , A = P(1+r/100)^t
6394.5 = 5800 ( 1 + r / 100 )
2
.
Solving we get r = 5%.
Question include in Following Tests :
Mock SBI Clerical Mains - 06
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Bull Placement Birlasoft 02
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