SSC SSC MTS & Havaldar Mock Test Series 2024 Quantitative Aptitude Interest Compound Interest

What is the difference between the compound interest on ₹3,000 for 1 year at 5% per annum compounded yearly and that compounded half - yearly ?

1

₹ 1 \(\frac{22}{25}\)

2

₹ 1 \(\frac{7}{8}\)

3

₹ 1 \(\frac{13}{15}\)

4

₹ 1 \(\frac{6}{7}\)

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