Teaching Bihar STET Paper 1 (माध्यमिक) Mock Test 2024 Quantitative Aptitude Interest Compound Interest
A sum of money is borrowed and paid back in two equal yearly installments of Rs. 6615. If the rate of interest is 5% per annum, compounded yearly, then how much is the interest paid under this scheme?
1
Rs. 930
2
Rs. 920
3
Rs. 900
4
Rs. 880