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Find the compound interest earned in the 9th year, if the compound interest earned on the principal amount Rs. 10000 at the 8th year is Rs. 1948.72 and the rate of interest applied is 10% p.a.
  • a)
    Rs. 2143.59
  • b)
    Rs. 3143.59
  • c)
    Rs. 2103.59
  • d)
    Rs. 1958.7
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Find the compound interest earned in the 9th year, if the compound in...
Given:
Compound interest earned on the 8th year = Rs. 1948.72
Rate of interest applied = 10% p.a.
Formula used:
(1.) C.In+1 = (1 + R%) × C.In
Where,
C.In = Compound interest earned for nth year
C.In+1 = Compound interest earned for (n + 1)th year
R = rate of interest applied
Calculation:
According to the question,
⇒ C.I9 = (1 + 10%) × C.I8
⇒ C.I9 = (1 + 0.1) × 1948.72
⇒ C.I9 = 1.1 × 1948.72
⇒ C.I9 = Rs. 2143.59
Therefore, 'Rs. 2143.59' is the required answer.
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Find the compound interest earned in the 9th year, if the compound interest earned on the principal amount Rs. 10000 at the 8th year is Rs. 1948.72 and the rate of interest applied is 10% p.a.a)Rs. 2143.59b)Rs. 3143.59c)Rs. 2103.59d)Rs. 1958.7Correct answer is option 'A'. Can you explain this answer?
Question Description
Find the compound interest earned in the 9th year, if the compound interest earned on the principal amount Rs. 10000 at the 8th year is Rs. 1948.72 and the rate of interest applied is 10% p.a.a)Rs. 2143.59b)Rs. 3143.59c)Rs. 2103.59d)Rs. 1958.7Correct answer is option 'A'. Can you explain this answer? for SSC CGL 2024 is part of SSC CGL preparation. The Question and answers have been prepared according to the SSC CGL exam syllabus. Information about Find the compound interest earned in the 9th year, if the compound interest earned on the principal amount Rs. 10000 at the 8th year is Rs. 1948.72 and the rate of interest applied is 10% p.a.a)Rs. 2143.59b)Rs. 3143.59c)Rs. 2103.59d)Rs. 1958.7Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for SSC CGL 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Find the compound interest earned in the 9th year, if the compound interest earned on the principal amount Rs. 10000 at the 8th year is Rs. 1948.72 and the rate of interest applied is 10% p.a.a)Rs. 2143.59b)Rs. 3143.59c)Rs. 2103.59d)Rs. 1958.7Correct answer is option 'A'. Can you explain this answer?.
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