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SSC MTS 2022 PYQ — Question 65

SSC MTS - 25 July 2022 - Shift 3 • Quantitative Aptitude • Q65

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If Chetan's present income is ₹40,000 and it increases by 1% annually, then what will be his income 2 years from now?

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Correct answer: C

Explanation

The correct answer is option 3 i.e. ₹40,804

Income of chatan after 2 years will be

40000 x 101100\dfrac{101}{100}x101100\dfrac{101}{100}

⇒ ₹40,804