Multiple Choice Questions on What will be the difference between compound interest on sum of 3000 for 1 1 2 yrs When the interest........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

What will be the difference between compound interest on sum of 3000 for 1 1 2 yrs When the interest...........

Quantitative Aptitude ( CCS) Compound Interest
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    What will be the difference between compound interest on sum of 3000 for 1(1/2) yrs. When the interest is compounded annually and half yearly respectively if rate is 20% compounded annually?

    30

    Incorrect Answer

    33

    Incorrect Answer

    36

    Incorrect Answer

    39

    Correct Answer
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    Explanation:

    Compound Annually ……..C.I = 960
    Compound half yearly ………. C.I = 993
    Difference = 993 -960 = 33

    Hence, option 4 is the correct answer.

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