PU-MET : Panjab University MBA Entrance Exam with MCQ Answers 2018

Practice Mode:
65.

A sum of Rs. 1000 after 3 years of compound interest becomes a certain amount which is equal to the amount which is the result of an equal amount of depreciation from Rs. 1728. Find the difference between the rates of CI and depreciation.

A: 3.33%
B: 1.66%
C: 2%
D: 1%

The answer is: C