Multiple Choice Questions on If 40 increase in an amount in 4 years at SI What will be the CI of Rs 10 000 after 2 yrs at the sam........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

If 40 increase in an amount in 4 years at SI What will be the CI of Rs 10 000 after 2 yrs at the sam...........

Quantitative Aptitude ( CCS) Compound Interest
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    If 40% increase in an amount in 4 years at SI. What will be the CI of Rs.10,000 after 2 yrs at the same rate ?

    1000

    Incorrect Answer

    1100

    Incorrect Answer

    2000

    Incorrect Answer

    2100

    Correct Answer
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    Explanation:

    P = 100, SI = 40,  T = 4
    R = 100*40 / 100*4 = 10%pa
    CI = 10,000(110/100)^2 = 10000*11*11/100 = 12100
    12100 – 10000 = 2100

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