Multiple Choice Questions on What will be the amount after 2 years when a principle of Rs 80 000 is given at 20 compounded half y........... for RRB(NTPC) Exam Preparation

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Multiple Choice Questions

What will be the amount after 2 years when a principle of Rs 80 000 is given at 20 compounded half y...........

Quantitative Aptitude (RRB NTPC) Compound Interest
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    What will be the amount after 2 years when a principle of Rs 80,000 is given at 20% compounded half yearly?

    Rs 97,240

    Incorrect Answer

    Rs 117,128

    Correct Answer

    Rs 115,200

    Incorrect Answer

    Rs 120,000

    Incorrect Answer
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    Explanation:

    Rate of interest per half year = 10%
    Time taken = 2 year = 4 half years
    Amount = P(1+r/100)t
    Amount = 80000(1+10/100)4 = Rs.117128

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