Aptitude - Compound Interest - Discussion
Discussion Forum : Compound Interest - General Questions (Q.No. 9)
9.
Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit?
Answer: Option
Explanation:
| Amount |
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| = Rs. 8820. |
Discussion:
23 comments Page 3 of 3.
Senthilprakash said:
1 decade ago
Why we are putting (1+5/100) 2,
I need why 1 is there and why we are squaring them.
I need why 1 is there and why we are squaring them.
Lucky said:
1 decade ago
(1+ 5)/100
LCM 100+5 / 100
105/100=21/20
LCM 100+5 / 100
105/100=21/20
Ritha said:
1 decade ago
How this 21/20 is come? please can someone explain this.
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