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  3. Railways
  4. Quantitative Aptitude
  5. Compound Interest

Railways Quantitative Aptitude Compound Interest Sample Paper Simple Interest & Compund Interest Sample Test Paper-15

  • question_answer
    Rs. 12500 lent at compound interest for two years at 10% per annum fetches Rs. .... more, if the interest was payable half yearly than if it was payable annually

    A)  Zero                

    B)  Rs. 10.48

    C)  Rs. 38.50         

    D)  Rs. 68.82

    Correct Answer: D

    Solution :

    [d] P = Rs. 12500. N = 2 years, Rate = 10%. When interest is payable yearly \[A=12500{{\left( 1+\frac{10}{100} \right)}^{2}}=Rs.\,\,15125\] When interest is payable half yearly \[A=12500{{\left( 1+\frac{5}{100} \right)}^{4}}=Rs.\,\,15193.82\] Difference = Rs. (15193.82 ? 15125)                         = Rs. 68.82


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