Multiple Choice Questions on Mohan invested Rs5 000 in a bank which offered interest at the rate of 10 per year compounded semi a........... for SSC (MTS) Preparation

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Multiple Choice Questions

Mohan invested Rs5 000 in a bank which offered interest at the rate of 10 per year compounded semi a...........

Quantitative Aptitude (MTS) Compound Interest
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    Mohan invested Rs5,000 in a bank which offered interest at the rate of 10% per year compounded semi-annually. How much amount will he get after 2 years? [Give your answer correct to the nearest integer value.]

    This questions was previously asked in
    SSC MTS 7th July 2022 Shift-1
    View All SSCMTS Previous Year Papers

    Rs6,512

    Incorrect Answer

    Rs6,320

    Incorrect Answer

    Rs6,250

    Incorrect Answer

    Rs6,078

    Correct Answer
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    Explanation:

    - Mohan's Investment: Rs 5,000.

    - Interest Rate: 10% per annum.

    - Compounding Frequency: Semi-annually.

    By: santosh
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