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ibps-so 2016 · Question 299 of 394

A depositor with ₹64,000 to place for eighteen months has two o ers before him. The rst is a deposit which carries interest at 10 per cent per annum compounded half yearly. The second is a deposit which carries simple interest at 12 per cent per annum for the whole of the eighteen months. By how

  1. A₹1,280
  2. B₹1,432Correct
  3. C₹1,520
  4. D₹1,088
  5. E₹1,632 much does the interest yielded by the second o er exceed the interest yielded by the rst?

Answer: B. ₹1,432

Official answer key verified. Detailed explanation coming soon.

Source: IBPS SO 2016 AFO (held 28-29 Jan 2017, single-stage CWE) - Prepp · memory-based

← Q298View full paper (394 questions)Q300 →

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