engineering recuitment JCI Junior Assistant Mock Test Series 2024-25 Quantitative Aptitude Interest Compound Interest
A sum of Rs. 48000 is lent out at compound interest (compounding annually) at the rate of 25 percent per annum. What is the compound interest for 2 years?
1
Rs. 30000
2
Rs. 27000
3
Rs. 24000
4
Rs. 28000