Asked in PPSC, FPSC and other one-paper exams (compiled from unofficial resources).
Financial MathematicsSimple and Compound Interest
Find the compound interest on ₹50,000 at the rate of 12% per annum compounded quarterly for a period of 6 months.
- A.₹3,060
- B.₹3,000
- C.₹3,045Correct answer
- D.₹2,940
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Practice these MCQs in the appQuick fact: The compound interest on ₹50,000 at 12% p.a. compounded quarterly for 6 months is ₹3,045.