SarkariPYQ

SSC Selection Post 2022 PYQ — Question 56

SSC Selection Post - Matriculation Level - 3 Feb 2022 - Shift 3 • Quantitative Aptitude • Q56

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What will be the amount (in Rs.) of a sum of Rs.6,000 in 2142{1{} \over 4} years at 131313{1{} \over 3}% p.a. If the interest is compounded 9- monthly?

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Correct answer: A

Explanation

The correct answer is Option 1 i.e. 7,986

Number of periods = 9/4 years × 12/9 = 3 periods

Rate per 9 months = (40/3) × (9/12) = 10%

Amount = 6000 × (1.1)3 = 6000 × 1.331 = ₹7986​