A) Rs. 2440
B) Rs. 610
C) Rs. 1220
D) Rs. 305
Correct Answer: C
Solution :
Equivalent rate p.a. at the rate of 5% per half year \[=\left( 5+5+\frac{5\times 5}{100} \right)%\] \[=10.25%\] \[\therefore \]Interest =Rs. \[\left( \frac{8000\times 10.25\times 1}{100}+\frac{8000\times 5\times 1}{100} \right)\] =Rs. \[(820+400)=\]Rs. 1220You need to login to perform this action.
You will be redirected in
3 sec