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  9. Q50

SSC GD Constable 2024 · Question 50 of 75

If interest is being compounded annually, then what sum will amount to Rs. 9464 in 2 years at the rate of 30 percent per annum at compound interest?

  1. ARs. 5600Correct
  2. BRs. 5400
  3. CRs. 6800
  4. DRs. 5750

Answer: A. Rs. 5600

Explanation

The compound interest formula is A = P(1 + R/100)^T. Here, A = Rs. 9464, R = 30%, T = 2 years: 9464 = P(1 + 30/100)^2 = P(1.3)^2 = P × 1.69. P = 9464 / 1.69 = Rs. 5600. Thus, the correct answer is Rs. 5600.

Source: SSC GD Constable 2024 Official Paper (Held On 20 Feb 2024 Shift 3) English — Prepp (with answer key and explanations) · reliable-secondary

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