SSC GD Constable 2011 · Question 2 of 97

Raviraj invested an amount of Rs.10,000 at compound interest rate of 10 p.e.p.a. For a period of three years. How much amount will Raviraj et after three years ?

ARs.13,210
BRs.13,310Correct
CRs.12,100
DRs.11,000

Answer: B. Rs.13,310

Explanation

Principal sum = Rs. 10,000 Rate of interest = 10% and time period = 3 years r Amount after compound interest = P (1 + 100 )T 10 = 10, 000(1 + 100 )3 11 = 10, 000 × ( 10 )3 = 10 × 1331 = Rs. 13, 310 => Ans - (A)

Source: Solved SSC GD 2011 Paper with Solutions — Testbook · reliable-secondary

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