state gov UKPSC Police SI Mock Test 2024 Quantitative Aptitude Interest Compound Interest

What will be the compound interest on a sum of Rs. 31,250 for 2 years at 12% p.a, if the interest is compounded 8-month?

1
Rs. 8,016
2
Rs. 8,15
3
Rs. 8,116
4
Rs. 8,106
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