Question

Ankush puts Rs. 8,000 into two separate Systematic Investment Plans (SIPs) at a compound interest rate of 20% per annum. In SIP 'X', the investment is for 2 years with annual compounding, while in SIP 'Y', the investment period is 18 months with semi-annual compounding. Calculate the difference in interest generated by the two SIPs.

A Rs.950
B Rs.820
C Rs.772
D Rs.872
E none of these
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