SSC GD 2023 PYQ — Question 53

The correct answer is option 3 i.e. ₹1,000

Given:

Amount = ₹1,166.40

Time = 2 years 

Rate = 8%

Concept Used:

$Amount\ = Principle\ \times ({1 + {R \over 100}})^n$

Explanation:

According to the given question,

$1166.40 = Principle\ \times ({1 + {8 \over 100}})^2$

Principal = ${1166.40 \times 25 \times 25} \over {27 \times 27}$ 

Principal = 1000

Hence the required answer is  ₹1,000.