state gov Bihar SSC (BSSC) Inter Level Mock Test 2024 - 25 Quantitative Aptitude Interest Compound Interest
Ram borrowed Rs. 16000 at 10% p.a. simple interest. He immediately invested the sum at 10% p.a. at compound interest, interest being compounded half yearly. Calculate his profit in 18 months?
1
Rs. 212
2
Rs. 122
3
Rs. 221
4
Rs. 131