railway UPMRC SCTO 2024 Mock Test Quantitative Aptitude Interest Compound Interest

Compound interest received on a sum in year is ₹ 1200 (interest is compounded annually).If the rate of interest is 22.5% per annum, then what will be the interest in 6th year?

1
₹ 3310
2
₹ 2706
3
₹ 2984
4
₹ 2778
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