A sum of Rs. 18,000 is lent at 10% p.a. compound interest, compounded annually. What is the difference between the compound interest for 3rd year and 4th year?
A. Rs. 215.40
B. Rs. 217.80
C. Rs. 220.60
D. Rs. 221.80
Answer: Option B
Solution (By Examveda Team)
Difference of compound interest = 131 - 10 = 121
10000 → 18000
1 → 1.8
121 → 121 × 1.8 = 217.8
This Question Belongs to Arithmetic Ability >> Compound Interest
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