Multiple Choice Questions on The compound interest on Rs 4000 for 4 years at 10 per annum will be ........ for SSC CGL Exam Preparation

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Multiple Choice Questions

The compound interest on Rs 4000 for 4 years at 10 per annum will be ........

Quantitative Aptitude (CGL) Compound Interest
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    The compound interest on Rs. 4000 for 4 years at 10% per annum will be

    Rs. 1856.40

    Incorrect Answer

    Rs. 1600

    Incorrect Answer

    Rs. 1856

    Correct Answer

    Rs. 1756.60

    Incorrect Answer
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    Explanation:

    10%=1/10
    Principle        Amount 
        10             11
        10             11
        10             11
        10             11
    .........................................
      10000            14641
    CI=4641
    Principal =10000 unit
    =Rs. 4000(given)
    1 units=2/5
    CI=4641 unit =Rs.2/5×4641
    =Rs.1856.40

    By: MIRZA SADDAM HUSSAIN
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