engineering recuitment PGCIL Diploma Trainee Mock Test 2024 Quantitative Aptitude Interest Compound Interest
A scheme promises to double your money in 12 years under a certain rate of interest compounded annually. If the same rate of interest is guaranteed under simple interest on a deposit of Rs.10,000 for 12 years, how much interest do you stand to earn at the end of 12 years?
1
Rs.3,600
2
Rs.72,000
3
Rs.7,200
4
Rs.36,000