SSC MTS 2022 PYQ — Question 63

The correct answer is option 1 i.e. ₹15,972.

Concept Used :

$Amount = P({1 +{R \over 100}})^T$

Given that:

P = ₹12,000

R = 10%

T = 3 years

 $Amount = 12,000({1+{10 \over 100}})^3$

A = 12,000 × 11/10 × 11/10 × 11/10

A = 15,972

Hence the required amount is ₹15,972.