[PSSSB Excise & Taxation Inspector, 2023]

1. What is the difference between the compound interests on ₹ 5000 for 1 year at 4% per annum compounded yearly and half yearly?

1. ₹ 2

2. ₹ 3    

3. ₹ 4    

4. ₹ 5

Correct Answer :

₹ 2