BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 Quantitative Aptitude Interest Simple and Compound Both
Prashant borrowed Rs. 20000 at 5% p.a. compound interest for 2 years from Yash. After that, he invests it in a bank which offers 8% p.a. simple interest for 2 years. Find the profit earned by Prashant.
1
Rs. 1500
2
Rs. 1,250
3
Rs. 1,150
4
Rs. 1,200
5
None of these