engineering recuitment BARC Stipendiary Trainee Category II 2023 Mock Test Quantitative Aptitude Interest Compound Interest
A sum of money was lent at compound interest (compounded annually) at the rate of 16 per cent per annum for 1 year. If the interest was compounded half yearly, the interest would have increased by Rs.640. What was the amount lent?
1
Rs. 100000
2
Rs. 120000
3
Rs. 75000
4
Rs. 50000