state gov APPSC Group 4 (Pre+Mains) Mock Test 2022 Quantitative Aptitude Interest Compound Interest

What is the compound interest on Rs. 48000 for 3 years (interest rounded off to a rupee) if the rate of interest for the first year is 8% per annum and it increases by 2% every subsequent years?

1

Rs. 15867

2

Rs. 14726

3

Rs. 14480

4

Rs. 14528

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