engineering intelligence MCQ #46

If a person invests 1000 at 5% interest, how much will they have after 1 year?

engineering intelligence MCQ #46

  1. Question 1

    Q1. If a person invests 1000 at 5% interest, how much will they have after 1 year?

    • A) 1050
    • B) 1100
    • C) 1150
    • D) 1200

    Answer: 1050

    Explanation: Interest = 1000 * 5 / 100 = 50. Total amount = 1000 + 50 = 1050.