regulatoryBody NABARD Development Assistant 2022 Mock Test Quantitative Aptitude Interest Compound Interest
A sum of Rs. 96000 was borrowed at an interest of 12% p.a. for 2 years compounded half-yearly. If the interest was compounded quarterly, the total interest to be paid approximately increased by:
1
Rs. 336
2
Rs. 412
3
Rs. 508
4
Rs. 624
5
Rs. 744