MCQOPTIONS
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| 1. |
The compound interest on a certain sum for 2 years at 15% p. a. is Rs.7,282, interest being compounded 8-monthly. What will be the amount of the same sum at the same rate for the same duration, when the interest is compounded yearly? |
| A. | Rs. 29,095 |
| B. | Rs. 28,540 |
| C. | Rs. 29,282 |
| D. | Rs. 26,620 |
| Answer» B. Rs. 28,540 | |