Find the amount after 2 years on ₹6,000 at 8% per annum when compounded half-yearly.
Show answer & explanation
Correct answer: C
Explanation
Half-yearly rate = 4%
Total periods = 4
Amount = 6000 × (1.04)⁴
= 6000 × 1.16985856
= ₹7019.15
SSC Selection Post 2025 PYQ — Question 38
SSC Selection Post - Higher Secondary Level - 2nd August 2025 - Shift 2 • Quantitative Aptitude • Q38