engineering recuitment MAHATRANSCO AE Electrical Mock Test Quantitative Aptitude Interest Compound Interest
The simple interest on a certain sum for 2 years at the rate of 5% per annum is Rs 160. What would be the difference of compound interest and simple interest for the same period and at the same rate of interest?
1
Rs 3
2
Rs 16
3
Rs 2
4
Rs 40
5
Rs. 4