railway DFCCIL Junior Executive 2023 (CBT 1 & CBT 2) Mock Test Quantitative Aptitude Interest Compound Interest
Shiba invested an equal sum of Rs. 5184 in two banks for 1 years 6 months. First bank offers compound interest of 16\(\frac{2}{3}\)% compounded annually whereas second bank offers compound interest of 8\(\frac{1}{3}\)% compounded annually. What is the difference between the interest recieved from both the banks?
1
Rs. 602
2
Rs. 702
3
Rs. 750
4
Rs. 700