SSC CGL – Combined Graduate Level Examination · Question 63
Find the compound interest on ₹12,000 at 8% per annum for 2 years 6 months, compounded annually.
Show answer & explanation
Answer: (C) ₹2,556.67
Explanation
12,000 × 1.08² × 1.04 ≈ 14,556.67, so CI ≈ ₹2,556.67.