defence exam Army Cadet College (ACC) Previous Year Papers Mock Quantitative Aptitude Interest Simple Interest
A newly opened bank offered interest rate of 15%. Anmol had an account in SBI which provided him an interest rate of 5%. If Anmol opens his account in the new bank and makes an investment of Rupees 50000 for 6 years, how much additional profit will he makes as compared to SBI account?
1
Rs. 45000
2
Rs. 30000
3
Rs. 15000
4
No difference