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Numerical Ability
Simple & Compound Interest
What is the difference between the compound interests on Rs. 5000 for 1 1/2 years at 4% per annum compounded yearly and half-yearly?
A. Rs. 2.04
B. Rs. 3.06
C. Rs. 4.80
D. Rs. 8.30
Read Solution (Total 3)
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- 5000(1+4/100)*(1+2/100)=5304
5000*102/100*102/100*102/100=5306.04
5306.04-5304.00=2.04 - 5 years agoHelpfull: Yes(3) No(5)
- answer is Rs. 2.04
- 5 years agoHelpfull: Yes(0) No(4)
- A. RS. 2.04
- 5 years agoHelpfull: Yes(0) No(2)
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