Question
Quantitative Aptitude Question on SI & CI
Determine the compound interest on Rs.6 lakh for one year at 8% pa interest compounded half yearly.
A
48000
B
48600
C
48860
D
48960
Answer
48960
Explanation
Solution
The correct option is (D): 48960
Determine the compound interest on Rs.6 lakh for one year at 8% pa interest compounded half yearly.
48000
48600
48860
48960
48960
The correct option is (D): 48960