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SSC CGL 2016 PYQ — Question 54

SSC CGL Tier II Quant - 30/11/2016 • Quantitative Aptitude • Q54

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The compound interest on Rs. 4000 for 4 years at 10% per annum will be?

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Correct answer: A

Explanation

The correct answer is option 1 i.e. Rs. 1856.40

Compound interest = 4000(1+ 10/100)4 - 4000

                                   = 5856.40 - 4000 = 1856.40