BANK EPFO SSA Mock Test 2023 Quantitative Aptitude Interest Compound Interest

Mr. Ayush borrowed Rs. 3000 at 5% per annum compound interest. The compound interest compounded annually for 2 years is:

1
Rs. 370.5
2
Rs. 307.5
3
Rs. 3307.5
4
Rs. 3370.5
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