SSC CGL Model Paper 9

Question : 61 of 100

Marks: +1, -0

If the amount is

3 1/16

times of the sum after two years at compound interest compounded annually, then the rate of interest per annum is

Solution:

Let the sum = x
Amount =

49/16x

[after 2 years]

49/16x=x(1+R/100)^2=7/4=1+R/100

R = 75%

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