[Jail Warder S-2 2021 ]

9. The simple interest on a sum of money for 4 years at 8% per annum is Rs. 18048. What will be the compound interest (rounded to nearest rupee) on the same sum at the same rate for the same  period ?

1. 19964

2. 20332

3. 20838

4. 21428

Correct Answer :

20332