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All Govt. Exams
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Govt. Exams
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Q.1
Hard
Bank PO / Clerk
2024
Quantitative Aptitude
A sum of money becomes ₹2,400 after 2 years and ₹2,800 after 4 years under simple interest. What is the principal amount and the rate of interest per annum?
Q.2
Hard
Bank PO / Clerk
2024
Quantitative Aptitude
A man invests Rs. 10,000 at compound interest for 3 years. If the amount becomes Rs. 13,310, find the rate of interest per annum, given that the interest is compounded annually and varies each year due to policy changes. In year 1 it's R1%, in year 2 it's R2%, and in year 3 it's R3%, where R2 = R1 + 5 and R3 = R2 + 5. Find R1.