Question

The extra interest earned from compound interest over simple interest on a sum of money after 2 years (with interest compounded semi-annually) is Rs. 972. If the yearly interest rate is 12%, determine the principal.

A Rs.52,000
B Rs.25,000
C Rs.32,000
D Rs.43,200
E None of these
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)