engineering recuitment Indian Coast Guard Yantrik Mock Test 2024 Quantitative Aptitude Interest Compound Interest
The compound interest (compounding annually) on a certain sum for 2 years at the rate of 60 percent per annum is Rs. 6240. What will be the simple interest on the same sum for 3 years at the same rate of interest?
1
Rs. 6800
2
Rs. 7200
3
Rs. 7100
4
Rs. 6500