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  9. Q10

Telangana Police Constable 2018 · Question 10 of 125

A certain sum P amounts to ₹ 29,400 in two years and to ₹ 34,300 in three years on compound interest. Then the sum P is (in rupees)

Compound Interest

  1. A21,600Correct
  2. B25,600
  3. C22,600
  4. D20,000

Answer: A. 21,600

Explanation

34300/29400 = 7/6, so the rate is 16.67%. P x (7/6)^2 = 29400 gives P = Rs.21600.

Source: Telangana Police Constable Preliminary Exam 2018 Official Paper (TSLPRB) via Examrace/Doorsteptutor

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