RRB NTPC Mains or Stage 2 Model Paper 2 with solutions

Question : 120 of 120

Marks: +1, -0

Mr. Sriram invested ₹ 14,000 in FD. How much will be get on maturity, if he invested it at 20% per annum compounded interest for 6 months, compounded quarterly?

15,437
15,434
15,435
15,436

Validate

Solution:

=20/4%

t = 6 × 4 = 24 months = 2 years

∴A= 14000 [1+ 20/400]^2

=14000× 21/20× 21/20= 15435.

∴After molarity, he will get ₹15,435.

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