railway RRB NTPC Mock Test Series 2024-25 (CBT 1 + CBT 2) Quantitative Aptitude Interest Simple and Compound Both
The interest on a certain sum at 16% p.a. after one year is Rs. 2,496 when interest is compounded half yearly. What is the simple interest on the same sum at the same rate in 2 years ?
1
Rs. 5,500
2
Rs. 4,800
3
Rs. 5,650
4
Rs. 5,560