Staff Selection Commission Quantitative Aptitude — Question 70

Question

Find compound interest on Rs.1000 at 10% for 2 years.

1. 200
2. 210
3. 220
4. 230

Correct answer

B — 210

Explanation (English)

CI = 1000(1+0.1)^2 - 1000 = 1210-1000 = 210

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