RRB NTPC · Question 67
Calculate the amount if Rs. 400 is invested on compound interest at the rate of 5% per annum for 2 years. A) 440 B) 441 C) 445 D) 480
Show answer & explanation
Answer: (B) B
Explanation
Amount = 400 × (1.05)² = 400 × 1.1025 = Rs 441.