What is the compound interest earned on Rs 80,000 at 40% per annum in 1 year compounded quarterly?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2. i.e.37128.
Compound Interest = ![]()
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= Rs.37128
SSC CGL Tier II Quant - 20/02/2018 • Quantitative Aptitude • Q98
What is the compound interest earned on Rs 80,000 at 40% per annum in 1 year compounded quarterly?
Correct answer: B
Explanation
The correct answer is option 2. i.e.37128.
Compound Interest = ![]()
![]()
= Rs.37128