Posted by: Pdfprep
Post Date: January 23, 2021
You are considering investing Rs 1,500 at an interest rate of 5% compounded annually for 2 years or investing the Rs1,500 at 7% per year simple interest rate for 2 years.
Which option is better?
A . Simple Interest by Rs56.25
B . Compound Interest by Rs114.05
C . Compound Interest by Rs52.75
D . Simple Interest by Rs75.19
Answer: A
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