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  9. Q63

TNPSC Group-I 2017 · Question 63 of 71

Find the compound interest on Rs. 31,250 at 8% p.a. for 3 years compounded annually?

Aptitude

  1. ARs. 8006
  2. BRs. 8106
  3. CRs. 8096
  4. DRs. 8116Correct

Answer: D. Rs. 8116

Explanation

CI = 31250 x [(1.08)^3 - 1] = Rs. 8116.

Source: TNPSC Group-I Prelims 2017 (GS1902) - Official Question Paper (scribd OCR, tick-marked answers)

← Q62View full paper (71 questions)Q64 →

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