engineering recuitment NMDC Junior Officer (Trainee) Mock Test 2024 Quantitative Aptitude Interest Simple and Compound Both
A sum of Rs 6000 becomes Rs. 7200 in 2 years, when invested in a scheme of simple interest. If the same sum is invested in a scheme of compound interest with same yearly interest rate (compounding of interest is done yearly), then what will be the amount (in Rs.) after 3 years?
1
7434
2
8244
3
7864
4
7986