Question 20

Rs. 20000 is lent at compound interest at an annual rate of 16 percent for 1 year. If the compounding of interest is done half yearly, then how much interest will be obtained?

Create a FREE account and get:

  • Free SSC Study Material - 18000 Questions
  • 230+ SSC previous papers with solutions PDF
  • 100+ SSC Online Tests for Free

Join CAT 2026 course by 5-Time CAT 100%iler

Start your IIM journey with the right preparation and crack CAT 2026.

Ask AI