Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Compound Interest

Question:

Rs. 25000 is invested at the rate of 12% per annum compounded 8 monthly for two year. Find compound interest.

Options:

Rs. 6400

Rs. 6492.8

Rs. 6582

Rs. 6600

Correct Answer:

Rs. 6492.8

Explanation: