state gov Bihar SSC (BSSC) Inter Level Mock Test 2024 - 25 Quantitative Aptitude Interest Compound Interest
Choose the most appropriate answer.
A bank offers a rate of interest of 16% per annum, compounded semi-annually. What will be the approximate interest generated on an amount of Rs. 10,000 kept for 2 years?
1
Rs. 3,600
2
Rs. 3,605
3
Rs. 3,610
4
Rs. 3,620