Sundar lends a sum of Rs6 000 to Mahesh at an interest rate of 10 p a compounded annually What will ...........

Quantitative Aptitude (CHSL) Compound Interest

Sundar lends a sum of Rs6,000 to Mahesh at an interest rate of 10% p.a., compounded annually. What will be the amount at the

end of 2 years?

This questions was previously asked in

SSC CHSL 8th June 2022 Shift-3

Rs7,160

Rs7,250

Rs7,200

Rs7,260

To find the amount at the end of 2 years when Sundar lends Rs6,000 at 10% per annum compound interest:

- Use the compound interest formula:

A = P(1 + r/n)^(nt)

where:

- A is the amount after time t

- P is the principal amount (Rs6,000)

- r is the annual interest rate (10% or 0.10)

- n is the number of times interest is compounded per year (1 for annually)

- t is the time the money is invested for (2 years)

- Substitute the values into the formula:

A = 6000(1 + 0.10)^2

A = 6000(1.1)^2

A = 6000 * 1.21

A = Rs7,260

- Option 4: Rs7,260 is the correct answer.

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