All Exams Test series for 1 year @ ₹349 only
Question

An amount of Rs.10,000 is invested at a compound interest rate of 8% per annum for a period of 2 years. What will be the total amount (principal + interest) received at the end of the 2-year period?

This question was previously asked in
SSC CGL 2025 Tier 1 Question Paper (25-Sep-2025) (Shift 3)
The correct answer is

Rs.11,664

Using the compound interest formula A = P into (1 + r/100) raised to n, with P = Rs.10,000, r = 8%, and n = 2 years, the total amount works out to 10000 times 1.08 times 1.08, which equals Rs.11,664.

Was this answer helpful?

Important Questions from Miscellaneous

  1. A stone is thrown horizontally from the top of a 20 m high building with a speed of 12 m/s. It hits the ground at a distance R from the building. Taking g = 10 m/s2 and neglecting air resistance will give :

  2. A sphere of volume V is made of a material with lower density than water. While on Earth, it floats on water with its volume f1V (f1 < 1) submerged. On the other hand, on a spaceship accelerating with acceleration a < g (g is the acceleration due to gravity on Earth) in outer space, its submerged volume in water is f2V. Then:

  3. A railway wagon (open at the top) of mass M1 is moving with speed v1 along a straight track. As a result of rain, after some time it gets partially filled with water so that the mass of the wagon becomes M2 and speed becomes v2. Taking the rain to be falling vertically and the water stationery inside the wagon, the relation between the two speeds v1 and v2 is :

  4. Consider the following statements:

    1. Distance between the longitudes becomes zero on North Pole and South Pole.

    2. Distance between the longitudes is maximum on the Equator.

    3. Number of longitudes is more than number of latitudes.

    Which of the statements given above is/are correct?

  5. One block of 2⋅0 kg mass is placed on top of another block of 3⋅0 kg mass. The coefficient of static friction between the two blocks is 0⋅2. The bottom block is pulled with a horizontal force F such that both the blocks move together without slipping. Taking acceleration due to gravity as 10 m/s2, the maximum value of the frictional force is :

Need Expert Advice?
Test Series
SSC CGL img
SSC
SSC CGL (Tier I + Tier II) 2026 Mock Test Series - Latest Pattern
1736 Tests 6 Tests Free
1849 Attempts
4.2(846)
English, Hindi

Start Your Preparation with Prepp Mobile App

Download the app from Google Play & App Store
Download the app from Google Play & App Store
Prepp Mobile App