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AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 211 Topic 22 Discussion

AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 211 Topic 22 Discussion

GLO_CWM_LVL_1 Exam Topic 22 Question 211 Discussion:
Question #: 211
Topic #: 22

You are considering investing Rs 1,500 at an interest rate of 5% compounded annually for 2 years or investing the Rs1,500 at 7% per year simple interest rate for 2 years. Which option is better?


A.

Simple Interest by Rs56.25


B.

Compound Interest by Rs114.05


C.

Compound Interest by Rs52.75


D.

Simple Interest by Rs75.19


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