Exams › SSC CGL (Prelims) › General

A sum of ₹1,25,000 is invested at 12% compound interest per annum. After how many years will it grow to ₹1,75,616?

1. 2
2. 3
3. 4
4. 5

Correct answer: 3

Solution

For compound interest, amount after 3 years is \(125000\times(1.12)^3\). Since \((1.12)^3 = 1.404928\), the amount becomes ₹1,75,616 exactly. Therefore, the time required is 3 years.

Related SSC CGL (Prelims) General questions

• If \(a \% b = a^2 - b^2\) and \(a \% b = 63\), find \(a\) and \(b\).
• If '+' means '−' and '−' means '×', find the value of $12 + 4 - 3$.
• If the sum of 48 and 52 is multiplied by 3, what will be the result?
• Evaluate: $7 - \left[ 34 \div \left\{ 18 + \left( 12 \times \left( 1 - \frac{1}{4} \right) \right) \right\} \right]$
• A retailer sells an item for ₹Z with a loss of 12%. He then marks it at 0.9Z and gives a 10% discount. What is the overall loss percentage?
• A vendor mixes two types of tea, one costing ₹150 per kg and another costing ₹200 per kg, in the ratio 2:3. If he sells the mixture at ₹180 per kg, find his gain or loss percent.

⚔️ Practice SSC CGL (Prelims) General free + battle 1v1 →