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RRB Junior Engineer / DMS / CMA 2019 · Question 16 of 3719

What is the maturity value of Rs.25000 at the end of 2 years at 9.25% Simple Interest?

Mathematics - Simple and Compound Interest

  1. Aa. Rs.29625Correct
  2. Bb. Rs.30225
  3. Cc. Rs.29250
  4. Dd. Rs.28000

Answer: A. a. Rs.29625

Explanation

As we know Simple Interest = (Principal x Rate x time)/100 Simple Interest = (25000 × 9.25 × 2)/100 Simple Interest = Rs. 4625 Amount = Rs. 25000 + Rs. 4625 Rs. 29625.

Source: RRB JE 2019 CBT-1 (24-May-2019 Shift-2) — ixambee compilation with answer key and solutions · reliable-secondary

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