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  9. Q94

RBI Grade B Officer (General / DEPR / DSIM) 2021 · Question 94 of 260

Ajay invested Rs. ‘x’ in a scheme Z. Scheme Z offers compound interest at the rate 10% compounded annually for the first three years and then simple interest at the rate 8% for the next five years. Find the value of ‘x’, if the total interest earned by Ajay after eight years is Rs. 34,536?

Simple & Compound Interest

  1. AA. Rs. 45000
  2. BB. Rs. 36000
  3. CC. Rs. 48000
  4. DD. Rs. 36000
  5. EE. Rs. 40000Correct

Answer: E. E. Rs. 40000

Official answer key verified. Detailed explanation coming soon.

Source: RBI Grade B Phase 1 recollected questions with answer key, 2021-2025 (EduTap compilation) · memory-based

← Q93View full paper (260 questions)Q95 →

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