Teaching AWES Army Public School TGT Mock Test 2024 Quantitative Aptitude Interest Compound Interest
A bank provides a loan of ₹55,000 to a shopkeeper at a 5% compound rate of interest (Compounded annually). After 2 years the amount to be deposited by the shopkeeper is:
1
₹62,526.50
2
₹65,259.75
3
₹60,637.50
4
₹55,825.75