Staff Selection Commission Quantitative Aptitude — Question 361

Question

Find the compound interest on ₹8000 at 5% per annum for 2 years

1. ₹720
2. ₹800
3. ₹820
4. ₹900

Correct answer

C — ₹820

Explanation (English)

A = 8000(1.05)² = 8820. CI = 8820 - 8000 = 820

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