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Railways PYQCBT 2 2017

RRB NTPC · Question 89

A woman invests Rs. 4000 at the start of each year at 5% compound interest per annum. How much will her investment be at the end of the 2nd year?

  1. Rs. 8601

  2. Rs. 8615

  3. Rs. 8600

  4. Rs. 8610

Show answer & explanation

Answer: (D) Rs. 8610

Explanation

The first Rs 4000 grows for 2 years: 4000 × 1.05² = 4410. The second grows for 1 year: 4200. Total = Rs 8610.