Arithmetichard · Past Paper

The difference between semi-annual CI and annual CI on Rs. 5000 at 12% p.a. for 1 year is:

ARs. 12
BRs. 18
CRs. 20
DRs. 30

✓ Correct Answer: BRs. 18

Annual CI = 600. Semi-annual CI = 5000[(1.06)^2 - 1] = 618. Difference = 18.

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