insurence exam NIACL Assistant (Pre + Mains) Mock Test 2024 (New) Quantitative Aptitude Interest Simple and Compound Both
Rs. X is required to earn a monthly interest of Rs. 400 at 10% per annum at simple interest. Rs. Y is required to earn same interest as X when compounded semi-annually at 10% p.a. Find the difference (approximately) between X and Y.
1
Rs. 1071
2
Rs. 1171
3
Rs. 1271
4
Rs. 1371
5
None of these