Bank B provides loans at 15% per annum compound interest. If Mr. XYZ borrowed ₹ 3,200 for 2 years from Bank B, then how much interest must Mr. XYZ…
CA Foundation · Quantitative Aptitude · PYQS · January 2026
Bank B provides loans at 15% per annum compound interest. If Mr. XYZ borrowed ₹ 3,200 for 2 years from Bank B, then how much interest must Mr. XYZ pay to his bank?
Suggested Answer and Working Notes:
Correct Answer: Option (D)
D. ₹1,032
Topics: Part-A: Business Mathematics
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