BANK IDBI JAM Grade "O" Mock Test 2025 (New) Quantitative Aptitude Interest Simple and Compound Both
An amount of Rs.20000 is invested at the rate of 11% per annum for 2 years at Compound Interest. The interest received is again invested at the same rate for the same time. Find the simple interest received from the second investment.
1
1011.75
2
1021.24
3
1031.56
4
1040.45
5
None of these