MCQs>General Knowledge & Aptitude>Conversion Calculations>Sonia borrowed $62500 from a bank for 48 months. If the rate of interest per annum is 16% then what is the approximate value of compound interest paid by Sonia at the end of 48 months?
Conversion Calculations MCQs
Sonia borrowed $62500 from a bank for 48 months. If the rate of interest per annum is 16% then what is the approximate value of compound interest paid by Sonia at the end of 48 months?
Answer
Correct Answer: $50665
Explanation:
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