Question

    A certain sum amounts to ₹ 25,300 in 2 years at 7.5%

    pa., simple interest. What will be the compound interest on the same sum for the same period at double the rate, if the interest is compounded 8-monthly?
    A ₹7,248 Correct Answer Incorrect Answer
    B ₹7,282 Correct Answer Incorrect Answer
    C ₹7,284 Correct Answer Incorrect Answer
    D ₹7,372 Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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