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 18 of 22.
Kumar said:
9 years ago
Most helpful for banking. Thanks to all friends.
Digvijay said:
1 decade ago
Thanks to anusha I was confused in second part.
Ankush jaat said:
7 years ago
I am not getting how time be 2? Please explain.
Pratik said:
1 decade ago
At the end of the page, formula is mentioned.
Shreya said:
1 decade ago
Sateesh and Jyoti gave the nice explaination.
Dias said:
1 decade ago
Is there any other way to solve this problem?
P snr said:
8 years ago
A=p(1+R/100)n but why take 200 places of 100?
Manju said:
1 decade ago
Hai, where did you get from this value 3200.
Hanmanth said:
10 years ago
How 3200 is coming please explain detail me?
Anna said:
1 decade ago
Your answer are so useful guys. Keep it up.
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