engineering recuitment DRDO CEPTAM STA B Tier I (Sr. Technical Assistant) Mock Test 2022 Quantitative Aptitude Interest Simple and Compound Both
Kanika took a loan of Rs. 10,000 for 2 years on compound interest at the rate of 5% per annum, interest being compounded annually. How much money would she have saved if she had taken the loan on simple interest?
1
Rs. 1,025
2
Rs. 1,000
3
Rs. 25
4
Rs. 400