state gov UP Police Head Operator (Radio Cadre) Mock Test Quantitative Aptitude Interest Simple and Compound Both
A certain sum of money invested at simple interest at the rate of 15% p.a. in a \(3\frac{2}{3}\) year become Rs. 18,600. What will be the same amount if it is invested for 2 years compounded at the same rate of interest, where the interest is compounded 8-monthly?
1
Rs. 15,972
2
Rs. 15,992
3
Rs. 15,792
4
Rs. 15,982