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Quantitative Aptitude :: Compound Interest - Discussion

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Choose the correct option.

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?

ARs. 2.04

BRs. 3.06

CRs. 4.80

DRs. 8.30

EData inadequate

Answer: Option (Login/Signup)

Show Explanation

C.I. when interest

compounded yearly=rs.[5000*(1 4/100)(1 1/2*4/100)]



= Rs. 5304.



C.I. when interest is

compounded half-yearly=rs.5000(1 2/100)^3



= Rs. 5306.04

Difference = Rs. (5306.04 - 5304) = Rs. 2.04

Asked In :: IBM

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