A) Rs. 2.04
B) Rs. 4.80
C) Rs. 3.06
D) Rs. 8.30
Correct Answer: C
Solution :
(c): Compounded manually C.I: =\[5000\text{ }\left[ {{\left( 1+\frac{4}{100} \right)}^{1.5}}~-1 \right]\] \[=5000\left[ {{\left( 1.04 \right)}^{1.5}}-1 \right]\] \[=5000\times 0.060596\] Compound half yearly T=3 half yrs rate 2% \[\therefore C.I=5000\left[ {{(1.02)}^{3}}-1 \right]\] \[=5000\times 0.061208\] Difference, \[=5000\left[ 0.061208-0.060596 \right]\] \[=3.0597\approx 3.06.\]
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