New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    What is CI on Rs. 7500 for 4 years if the rate of

    interest is 10% p.a. for the first 2 year and 20% p.a. for the next 2 year? 
    A Rs 13200 Correct Answer Incorrect Answer
    B Rs 12500 Correct Answer Incorrect Answer
    C Rs 13500 Correct Answer Incorrect Answer
    D Rs 14500 Correct Answer Incorrect Answer

    Solution

    As we have to calculate the sum for half-time, both time period is the same, and hence  a:b = b:c  7500:x = x:24300  x = Rs 13500

    Practice Next

    Relevant for Exams: