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MPESB Group · Simple and Compound Interest · Quiz

Simple and Compound Interest — quick quiz

5 real MPESB Group questions on Simple and Compound Interest. Instant scoring and solutions, no signup — see where you stand in ~3 minutes.

Question 1 of 5

MEDIUM

A man invests Rs. 12,000 at 10% per annum simple interest for 3 years. He then reinvests the entire amount (principal + interest) at 12% per annum compound interest, compounded annually, for 2 years. What is the total amount he will receive at the end of 5 years?