A. Rs. 2.04
B. Rs. 3.06
C. Rs. 4.80
D. Rs. 8.30
Explanation:
C.I. when interest is compounded yearly
= [5000 * (1 + 4/100) * (1 + (1/2 * 4)/100]
= 5000 * 26/25 * 51/50 = Rs. 5304
C.I. when interest is compounded half-yearly
= [5000 * (1 + 2/100)2]
= (5000 * 51/50 * 51/50 * 51/50) = Rs. 5306.04 Difference = (5306.04 – 5304) = Rs. 2.04.
Related Mcqs:
- What is the difference between the compound interest on Rs.12000 at 20% p.a. for one year when compounded yearly and half yearly?
A. Rs.140
B. Rs.120
C. Rs.130
D. Rs.110
E. None of these. - If the rate of interest be 4% per annum for first year 5% per annum for the second year and 6% per annum from the third year then the compound interest of Rs 10000 for 3 years will be_________?
A. Rs 1575.20
B. Rs 1600
C. Rs 1625.80
D. Rs 2000 - Hafeez invested Rs. 15000 @ 10% per annum for one year. If the interest is compounded half-yearly, then the amount received by Hafeez at the end of the year will be?
A. Rs. 16,500
B. Rs. 16,525.50
C. Rs. 16,537.50
D. Rs. 18,150 - The S.I. on a certain sum of money for 3 years at 8% per annum is half the C.I. on Rs. 4000 for 2 years at 10% per annum. The sum placed on S.I. is________?
A. Rs. 1550
B. Rs. 1650
C. Rs. 1750
D. Rs. 2000 - Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:_______?
A. Rs. 1550
B. Rs. 1650
C. Rs. 1750
D. Rs. 2000 - The difference between simple and compound interest on Rs. 1200 for one year at 10% per annum reckoned half-yearly is________?
A. Rs. 2.50
B. Rs. 3
C. Rs. 3.75
D. Rs. 4 - The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:________?
A. Rs. 2.50
B. Rs. 3
C. Rs. 3.75
D. Rs. 4 - The C.I. on a certain sum for 2 years at 10% per annum is Rs. 525. The S.I. on the same sum for double the time at half the rate percent per annum is________?
A. Rs. 400
B. Rs. 500
C. Rs. 600
D. Rs. 800 - The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs. ) is_________?
A. 625
B. 630
C. 640
D. 650 - The difference between simple and compound interest (compounded-annually) on a sum of money for 2 years at 10% per annum is Rs 65. The sum is_________?
A. Rs 6500
B. Rs 6565
C. Rs 65065
D. Rs 65650
