railway RRB Technician Grade 3 Mock Test 2024 Quantitative Aptitude Interest Compound Interest

A moneylender lends a sum of Rs 8000 to the borrower at 30% per annum on compound interest for 1 year, then what will be the interest after 1 year if interest is compounded half-yearly?

1
Rs. 2400
2
Rs. 2580
3
Rs. 1200
4
Rs. 3000
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