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  9. Q46

SSC CHSL 2023 · Question 46 of 92

Akhilesh invested a certain sum which amounted to ₹82,000 in 2 years at 6% per annum compound interest, compounded annually. What was the sum invested (in ₹) by Akhilesh? (round off to the nearest integer)

Compound Interest

  1. A73,980
  2. B72,680
  3. C72,980Correct
  4. D70,980

Answer: C. 72,980

Explanation

Given : Amount = Rs.82000 Time = 2 years Rate = 6% per annum Calculation : By going through the ratio method, Rate = 6% = 3/50 P A 50 53 50 53 2500 2809 ⇒ 2809 unit = 82000 ⇒ 1 unit = 29.191 Principal amount = 2500 × 29.191 = 72979.70 ~ 72980 ∴ The correct answer is Rs.72980.

Source: SSC CHSL 2023 (Tier-I) Previous Year Paper (07-Aug-2023) (Shift 2) — prepp.in · reliable-secondary

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