Question 13Asked in BPSC TRE 1.0 (2023) General Studies Class 1-5 (1st Sitting)

What is the compound interest of ₹15,625 for 9 months when the rate of interest is 16% per annum and the interest is payable quarterly?₹15,625 का 16% वार्षिक ब्याज की दर से 9 माह का चक्रवृद्धि ब्याज क्या होगा जबकि ब्याज तिमाही देय है?

₹15,625 का 16% वार्षिक ब्याज की दर से 9 माह का चक्रवृद्धि ब्याज क्या होगा जबकि ब्याज तिमाही देय है?
  1. A₹1,961₹1,961
  2. B₹1,951₹1,951
  3. C₹2,051₹2,051
  4. DMore than one of the aboveउपर्युक्त में से एक से अधिक
  5. ENone of the aboveउपर्युक्त में से कोई नहीं
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Correct answer: (B) ₹1,951₹1,951

Explanation

Rate is 4% per quarter for 3 quarters: amount = 15625 × (1.04)³ = 17576, so compound interest = 17576 − 15625 = ₹1,951.दर प्रति तिमाही 4% और 3 तिमाहियाँ: मिश्रधन = 15625 × (1.04)³ = 17576, अतः चक्रवृद्धि ब्याज = 17576 − 15625 = ₹1,951।

From BPSC TRE 1.0 (2023) General Studies Class 1-5 (1st Sitting) — Previous Year Paper

This is question 13 of BPSC TRE 1.0 (2023) General Studies Class 1-5 (1st Sitting) — Previous Year Paper. See all questions of this paper with answers, or attempt the paper as a timed online test to get your score and all-India rank.