SSC SSC CPO Mock Test Series 2025 (Tier I & II) (DP SI & CAPF) Quantitative Aptitude Interest Simple and Compound Both
The simple interest on a sum deposited at 8% p.a. for 8 years is Rs. 16,000. What will be the compound interest on the same sum at one fourth of the above rate of interest for 2 years?
1
Rs. 1,020
2
Rs. 980
3
Rs. 1,010
4
Rs. 1,015