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Mr. Singhaniya invested Rs. 40,000 with rate of interest at 10 p.c.p.a. The interest was compounded half yearly for first year and in the next year it was compounded yearly. What will be the total interest earned at the end of two years? 
  • a)
    Rs. 8,800
  • b)
    Rs. 9,040 
  • c)
    Rs. 8,510
  • d)
    Rs. 9,800
  • e)
    None of these
Correct answer is option 'C'. Can you explain this answer?
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Mr. Singhaniya invested Rs. 40,000 with rate of interest at 10 p.c.p.a. The interest was compounded half yearly for first year and in the next year it was compounded yearly. What will be the total interest earned at the end of two years?a)Rs. 8,800b)Rs. 9,040c)Rs. 8,510d)Rs. 9,800e)None of theseCorrect answer is option 'C'. Can you explain this answer?
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Mr. Singhaniya invested Rs. 40,000 with rate of interest at 10 p.c.p.a. The interest was compounded half yearly for first year and in the next year it was compounded yearly. What will be the total interest earned at the end of two years?a)Rs. 8,800b)Rs. 9,040c)Rs. 8,510d)Rs. 9,800e)None of theseCorrect answer is option 'C'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about Mr. Singhaniya invested Rs. 40,000 with rate of interest at 10 p.c.p.a. The interest was compounded half yearly for first year and in the next year it was compounded yearly. What will be the total interest earned at the end of two years?a)Rs. 8,800b)Rs. 9,040c)Rs. 8,510d)Rs. 9,800e)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mr. Singhaniya invested Rs. 40,000 with rate of interest at 10 p.c.p.a. The interest was compounded half yearly for first year and in the next year it was compounded yearly. What will be the total interest earned at the end of two years?a)Rs. 8,800b)Rs. 9,040c)Rs. 8,510d)Rs. 9,800e)None of theseCorrect answer is option 'C'. Can you explain this answer?.
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