RRB NTPC 29 April 2016 Paper

Question : 67 of 100

Marks: +1, -0

Calculate the amount if ₹ 400 is invested on compound interest at the rate of 5% per annum for 2 years.

Solution:

(2) A = ?
P = ₹ 400
T = 2 years
R = 5%

A = P [ 1 + { R }/ { 100 } ] ^ { T } = 400 [ 1 + { 5 } /{ 100 }] ^ { 2 }

= 400 ×[ { 441 }/ { 400 } ] = ₹ 441

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