Postal or Sorting Assistants Model Paper 8 With Solutions

Question : 13 of 100

Marks: +1, -0

Mr. Sharma invested an amount of ^25000 in fixed deposit @ compound interest 8% per annum for two years. What amount Mr. Sharma will get on maturity ?

₹ 28540
₹29160
₹ 29240
₹ 28240

Validate

Solution:

(b) Required amount

= 25000[1+8/100]^2

=25000 ×27/25×27/25=₹29160

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