BANK NHB Assistant Manager (Generalist) Mock Test Series Quantitative Aptitude Interest Simple and Compound Both
The interest resulted from an investment of Rs. 4800 at an annual compound rate of R% amounts to Rs. 1008 after 2 years. What would be the simple interest generated from the same sum at an annual rate of (R + 6)% after a period of 3 years?
1
Rs. 2400
2
Rs. 2304
3
Rs. 2250
4
Rs. 2000
5
None of these