Question

The difference between the simple interest for two years and the compound interest for one year on a sum of money is Rs.273. In which compound interest is compounded half-yearly. What will be the amount when the annual rate of interest is 10%?

A 2400 Rs Correct Answer Incorrect Answer
B 2700 Rs Correct Answer Incorrect Answer
C 2800 Rs Correct Answer Incorrect Answer
D 2850 Rs Correct Answer Incorrect Answer

Solution

Let P = 100 Rs Calculation of CI in 1 year (Compounded Half-yearly)

Practice Next
×
×