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  9. Q93

RRB NTPC 2022 · Question 93 of 110

A sum of ₹9,800 was invested for a year at 10% interest per annum, compounded half-yearly. What would be the interest payable at the end of the year?

  1. A₹1,003.50
  2. B₹1,004.50Correct
  3. C₹1,005.60
  4. D₹980

Answer: B. ₹1,004.50

Explanation

Sum =9800 Rs. Rate =10% per annum. =5% half yearly. Time =1 year =2 half yearly. Compound interest =P(1+r/100) t -(P) =9800(1+5/100)2 -9800 = (9800×441/400)-9800 =10804.5 -9800 =1004.5 Rs.

Source: RRB NTPC 2022 CBT 2 Previous Year Paper (12-June-2022) — ixambee compilation with answer key · reliable-secondary

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