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Banking Quantitative Aptitude Simple Interest Question Bank Simple Interest and Compound Interest

  • question_answer
    Mr; Basant invested Rs. 20,000 with rate of interest at 20 p.c.p.a. If the interest was compounded half yearly for first year and in the next year it was compounded yearly. What will be the total interest earned at the end of two years?

    A) Rs. 8800

    B) Rs. 9040

    C) Rs. 8040

    D) Rs. 9800

    E) Rs. 9500

    Correct Answer: B

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