defence exam Army Cadet College (ACC) Previous Year Papers Mock Quantitative Aptitude Interest Compound Interest
The Regiment fund of a unit has been invested into FD offering interest rate of 8% per annum compounded quarterly. If the initial investment was for Rupees 12 housand and the maturity amount was Rupees 19301, then find the time period of investment.
1
2 years
2
3 years
3
4 years
4
6 years