Teaching EMRS JSA (Junior Secretariat Assistant) Mock Test Series 2023 Quantitative Aptitude Interest Compound Interest
On certain sum, the simple interest for 2 years is Rs. 12000. If the sum is Rs. 12000, then what will be the compound interest (compounding annually) on the same sum at the same rate of interest for the first 3 years?
1
Rs. 29250
2
Rs. 29300
3
Rs. 28500
4
Rs. 22750