Aptitude - Compound Interest - Discussion
Discussion Forum : Compound Interest - General Questions (Q.No. 4)
4.
What is the difference between the compound interests on Rs. 5000 for 1
years at 4% per annum compounded yearly and half-yearly?
years at 4% per annum compounded yearly and half-yearly?
Answer: Option
Explanation:
| C.I. when interest compounded yearly |
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| = Rs. 5304. |
| C.I. when interest is compounded half-yearly |
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| = Rs. 5306.04 |
Difference = Rs. (5306.04 - 5304) = Rs. 2.04
Discussion:
85 comments Page 5 of 9.
Akshay said:
1 decade ago
Why is is 1+[(1/2)*4/100] when it should be 1+(4/100)^1/2 when the interest is compounded annually.
Lalit Rawat said:
9 years ago
When interest is compounded half yearly and time is in fraction.
A = P(1 + r/2 * 100)^2n.
A = P(1 + r/2 * 100)^2n.
Mona said:
3 years ago
Can someone please explain the calculation of C.I for yearly basis? I am not getting this.
Shivanath said:
1 decade ago
What is the compound interest formula for full year. Tell the general nth year formula?
INDHU said:
8 years ago
If calculated for half year we should take rate/200 right?
Then why rate/100 is taken?
Then why rate/100 is taken?
(1)
Shakti said:
1 decade ago
When interest is compounded annually~ Yearly,
Amount(A) = p[1+(r/100)]^t.
CI = P-A.x
Amount(A) = p[1+(r/100)]^t.
CI = P-A.x
Sneh said:
1 decade ago
How we can compound half yearly means I did not understand how 3 can come means n=3 ?
Afsha said:
1 decade ago
Finding it tuff to understand can anyone please make it easy for me from first step.
K. Anzi said:
3 years ago
Can we take time (n) in fraction as 3/2 in the yearly formula?
Please explain me.
Please explain me.
(3)
Binnu said:
1 decade ago
According to the question no. of years=1 1/2 so it is equal to 3/2 just(2*1+1)/2
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