insurence exam NIACL AO (Pre + Mains) Mock Test Series 2024 Quantitative Aptitude Interest Simple and Compound Both
Anil invested certain amount in two schemes which gives simple interest and compound interest respectively on investments. The difference between compound and simple interest on a sum of money for 2 years at 4 per cent per annum is Rs. 2. The sum of money is
1
Rs. 8000
2
Rs. 1025
3
Rs. 1150
4
Rs. 1250
5
Rs. 1400