engineering recuitment AAI JE Technical Mock Test 2020-21 Quantitative Aptitude Interest Simple and Compound Both
The difference between compound interest and simple interest on a sum for two years at 8% per annum, where the interest is compounded annually is Rs. 16. if the interest were compounded half yearly, the difference in two interests would be nearly?
1
Rs. 24.64
2
Rs. 21.85
3
Rs. 16
4
Rs. 16.80