Practicing Success
CUET Preparation Today
CUET
General Test
Numerical Ability
Compound Interest
What will be the compound interest when ₹3600 is deposited in a bank at \(16\frac{2}{3}\)% per annum compounded annually for 2 years?
₹1500
₹1250
₹1300
₹1400
16\(\frac{2}{3}\)% = \(\frac{1}{6}\)
Now,