Railways PYQCBT 1 2016

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

  1. A

  2. B

  3. D

  4. C

Show answer & explanation

Answer: (B) B

Explanation

Amount = 400 × (1.05)² = 400 × 1.1025 = Rs 441.