A) Rs. 2.04
B) Rs. 3.06
C) Rs. 8.30
D) Rs. 4.80
Correct Answer: B
Solution :
Compound Interest (when compounded yearly) |
\[=5000{{\left( 1+\frac{4}{100} \right)}^{1.5}}-5000\] |
\[=5000={{\left( \frac{26}{25} \right)}^{1.5}}-5000=5302.9805-5000\] |
= Rs. 302.9805 |
CI (when compounded half-yearly) |
\[=5000{{\left( 1+\frac{2}{100} \right)}^{3}}-5000\] |
\[=5306.04-5000\]= Rs. 306.04 |
Required difference = Rs.\[(306.04-302.9805)\] |
= Rs. 3.059 = Rs. 3.06 (approx.) |
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