Discussion

Explanation:

Interest for 2 years = 5,0001+101002 - 5000 = 6050 - 5000 = Rs. 1,050

Interest for 3 years = 5,0001+101003 - 5000 = 6655 - 5000 = Rs. 1,655

Difference in interest for 3 years and 2 years = 1655 - 1050 = Rs. 605

Hence, option (b).

» Your doubt will be displayed only after approval.

Doubts


Subscribe to our Newsletter

© 2022 | All Rights Reserved | Apti4All