BANK IBPS RRB Clerk 2025 Mock Test Series (Pre + Mains) Quantitative Aptitude Interest Compound Interest
A person borrowed a sum of Rs. 16000 at the rate of interest 15% per annum for 1 year. Find the compound interest if the interest is calculated every 4 months.
1
Rs. 1261
2
Rs. 2522
3
Rs. 2500
4
Rs 2422
5
None of these