UP Police Constable Exam Model Paper 1

Question : 97 of 151

Marks: +1, -0

P = 36,000; R =

16{2/3}%

; t = 2 years
Find CI?

Solution:

GIVEN:
P = 36,000
R =

16{2/3}%

= 50/3%
n = 2 years
FORMULAE USED:
CI = P(1 + r/100)

^2

- P
CALCULATION:
CI = 36000 (1 + 50/300)

^2

- 36000
CI = 49000 - 36000
∴ CI = 13000

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