state gov MP Forest Guard and Jail Prahari Mock Test 2023 Quantitative Aptitude Interest Compound Interest
What will be the compound interest on a sum of ₹ 22,500 at the rate of 16% per annum for 1 year, when interest is compounded half yearly?
1
₹ 3,744
2
₹ 3,700
3
₹3, 600
4
₹ 36,244