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  9. Q58

ibps-rrb-os1 2015 · Question 58 of 194

Abhishek invested an amount of ` 45,000 for two years with Company B under Scheme III which offers compound interest and Jeevan invested equal amount for two years with Company C under Scheme IV which offers simple interest. Who earned more interest and how much?

  1. AAbhishek, ` 1,875
  2. BJeevan, ` 1,875
  3. CAbhishek, ` 1,962
  4. DJeevan, ` 1,962Correct
  5. ENone of these

Answer: D. Jeevan, ` 1,962

Official answer key verified. Detailed explanation coming soon.

Source: IBPS RRB Scale I Officer PO Exam 2015 Solved Paper (educationobserver.com) · memory-based

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