Q: The compound interest on a certain sum of money at 21% for 2 years is ₹9,282. Its simple interest (in ₹) at the same rate and for the same period is: Answer & Explanation Answer: B) 8,400 Explanation:
Q: ₹4,000 is given at 5% per annum for one year and interest is compounded half yearly. ₹2,000 is given at 40% per annum compounded quarterly for 1 year. The total interest received is nearest to: Answer & Explanation Answer: C) ₹1,130.70 Explanation:
Q: A sum amounts to ₹18,600 after 3 years and to ₹27,900 after 6 years, at a certain rate percent p.a., when the interest is compounded annually. The sum is: Answer & Explanation Answer: B) Rs. 12,400 Explanation: The Life Insurance Corporation (LIC) has released the list of candidates who have cleared the LIC AAO Mains and Interview round of the 2020 cycle. It is important for the candidates to note that candidates who are qualified for the Mains & Interview round of the exam are only eligible for the next round, which is the Medical Test. A total number of 168 vacancies were released for the LIC AAO 2020 cycle. The selected candidates will receive a salary range between Rs. 32,795 to Rs. 62,315. Know about the LIC AAO Result here. in yearly(1.5 yr or 1yr+1/2yr) 5000+5000*4%+5200*4%*0.5=5304 in half yearly 5000+5000*2%+5100*2%+5202*2%=5306.04 so difference 5306.04-5305=2.04 |
What is the difference between the compound interests on Rs 5000 for 2 years at 4% per annum compounded yearly and half yearly?
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