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SSC Multi Tasking Model Paper 8
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© examsnet.com
Question : 88
Total: 100
A man saves 2000 at the end of each year and invests the money at 5% compound interest. A t the end of 3 years he w ill have:
4305
6305
4205
2205
Validate
Solution:
Amount =
=
2000
(
1
+
5
100
)
2
+ 2000(1 +
5
100
)
=2000×
21
40
×
41
20
= 54305
Required amount = 4305 + 2000 = Rs. 6305
© examsnet.com
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