engineering recuitment Cochin Shipyard Executive Trainee Mechanical Mock Test Quantitative Aptitude Interest Simple and Compound Both
The simple interest on a sum of Rs. 8,000 at a certain rate per cent per annum for 3 years is Rs. 3,600. What will be the amount (in Rs.) of the same sum after 2 years at the same rate, if the interest is compounded 8-monthly?
1
10,580
2
10,648
3
11,239
4
10,450