What will be the simple to compound interest (compounded annually) ratio on two identical funds put in a bank at an interest rate of 8% (per annum) for three years?
A. 3 : 5
B. 1875 : 2029
C. 3 : 4
D. 243 : 342
Answer: Option B
Related Questions on Compound Interest
A. Rs. 120
B. Rs. 121
C. Rs. 122
D. Rs. 123
E. None of these
A. 625
B. 630
C. 640
D. 650
E. None of these
A. Rs. 2160
B. Rs. 3120
C. Rs. 3972
D. Rs. 6240
E. None of these
A. Rs. 2.04
B. Rs. 3.06
C. Rs. 4.80
D. Rs. 8.30
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