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Ravi compares two banks for a deposit of Rs 10000 for 1 year at 10% per annum.
Bank A compounds annually; Bank B compounds half-yearly.
How much MORE interest does Bank B give than Bank A?

Class 8Compound InterestComparing Quantities
  • ARs 25
  • BRs 50
  • CRs 100
  • DRs 10

Step-by-Step Solution

Bank A: , interest 1000. Bank B: , interest 1025. Difference = Rs 25.
Answer: A) Rs 25

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