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 17 of 22.
Anu said:
1 decade ago
Hi jyoti that was really good and simple explanation.
Shekhar said:
1 decade ago
Why did subtract one in most of cases? please reply.
Sagar said:
8 years ago
If haf yearly then n=2n and if for 2years then n=2n.
Vikram said:
1 decade ago
Give the mathemetical formula for compund interest.
Ravi said:
1 decade ago
Hey guys what formula use for this? please help me.
Deepa said:
10 years ago
Thank you all those helped me to clear the problem.
Venkat said:
1 decade ago
venkst:simple customer deposited twice
1600*2=3200
1600*2=3200
Suresh said:
1 decade ago
Well. Is there any shortcuts to solve the problem?
Chiranjit said:
1 decade ago
I can't understand (1+5/2*10). Please explain it.
Vishal said:
1 decade ago
Best way was shows by Jyoti.... Kudos Jyoti... :)
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