1). 14.42). 12.43). 10.44). 16.4 – InterviewSolution

InterviewSolution

1.

1). 14.42). 12.43). 10.44). 16.4

Answer»

Compound interest if it was compounded ANNUALLY can be given as

⇒ CI = 4000{(1 + 12/100) - 1}

⇒ CI = 480

Compound interest if it was compounded half yearly can be given as

⇒ CI = 4000{(1 + 6/100)² - 1} = 4000{(1.06)² - 1}

⇒ CI = 4000 × 0.1236 = 494.4

So, DIFFERENCE = 494.4 - 480 = 14.4

Discussion

No Comment Found

Related InterviewSolutions

A sum of Rs 720 amounts to Rs 882 at simple interest in \(1\frac{1}{2}\) years. In how many years will the sum Rs 800 amounts to Rs 1040 at the same rate?1). 25/72). 43). 31/74). 2
A sum of Rs. 2500 becomes Rs. 8100 in 2 years at a certain rate of compound interest. What will be the sum (in Rs.) after 4 years?1). 298242). 362843). 416244). 26244
1). Rs. 2002). Rs. 2403). Rs. 2204). Rs. 190
1). 240002). 250003). 300004). 20000
A sum of Rs. 1200 amounts to Rs. 1740 in 3 years at simple interest. If rate of interest is increased by 3%, then what will be the new amount (in Rs)?1). 18482). 19463). 18124). 1924
A certain sum, invested with interest of 12% per annum, compounded semiannually amounts to Rs. 7022.50 at the end of 1 year. The sum is1). Rs. 6,0002). Rs. 6,5203). Rs. 6,2504). Rs. 6,500
A man borrowed Rs. 12500 at a simple interest of 8% per annum for 1 year and 73 days. How much amount did he pay to clear his debt?1). Rs. 135002). Rs. 137003). Rs. 142504). Rs. 14500
What is the difference (in Rs) in Compound interest earned in 1 year on a sum of Rs. 25,000 at 20% per annum compounded semi-annually and annually?1). 1252). 2503). 5004). 375
A sum of money becomes eight times in 3 years, if the rate is compounded annually. In how much time will the same amount at the same compound rate become thirty-two times?1). 6 years2). 4 years3). 8 years4). 5 years
1). Rs. 20002). Rs. 19503). Rs. 24004). Rs. 1800