Aptitude - Compound Interest - Discussion
Discussion Forum : Compound Interest - General Questions (Q.No. 1)
1.
A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is:
Answer: Option
Explanation:
| Amount |
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| = Rs. 3321. |
C.I. = Rs. (3321 - 3200) = Rs. 121
Discussion:
220 comments Page 15 of 22.
Suhani said:
7 years ago
I am not at all able to understand the whole sum. Please, someone, help me.
Vishal said:
1 decade ago
If compound interest is given and no.of years have to be calculate then?
Anandaganesh said:
9 years ago
Thank you @Amit. Your explanation is simple to understand the concept.
Mzcool said:
1 decade ago
What is the difference between simple interest and compound interest?
Lilly said:
1 year ago
But why they didn't take 2t for next half year? please explain to me.
(19)
Prasad Shetty said:
1 decade ago
Hi Amit, you have explained the problem correctly and good thinking.
Akhila said:
2 decades ago
How did you get 41/40 am not able to get that value please help me.
Dinesh said:
1 decade ago
How did you get 41/40 am not able to get that value please help me.
Arvind uike said:
8 years ago
3321-3200 how 3200 can give here?
Please give the clear solution.
Please give the clear solution.
Gurpreet said:
1 decade ago
Because 3200 is the total amount of one year which is principle.
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