Please enter the following details
Free Daily Targets & Mocks
Study Material & Formulas PDFs
1 on 1 Mentorship
Question 98
What is the compound interest earned on Rs 80,000 at 40% per annum in 1 year compounded quarterly?
Solution
Compound interest=
$$80000(1+40/400)^4-80000$$
=37128 Rs.
B is correct choice.
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
