Q143
A sum of Rs. 18,000 is lent at 10% p.a. compound interest, compounded annually. What is the difference between the compound interest for 3rd year and 4th year?
A.
Rs. 215.40
B.
Rs. 217.80
AnswerC.
Rs. 220.60
D.
Rs. 221.80
Answer: Option B
Solution
Answer: Option B
Solution:
Difference of compound interest = 131 - 10 = 121
10000 → 18000
1 → 1.8
121 → 121 × 1.8 = 217.8