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 6 of 9.
Arslan said:
1 decade ago
As C.I = [1+4/100]^3/2.
= [1+.03]^3/2.
= 5302.980298.
Why?
= [1+.03]^3/2.
= 5302.980298.
Why?
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
Qutub said:
1 decade ago
How "C. I. When interest compounded yearly" is calculated?
Tarun said:
1 decade ago
When interest is compounded annually,
Amount = p[1+(r/100)]^t.
When interest is compounded half yearly,
Amount = p[1+(r/2x100)]^2t.
Amount = p[1+(r/100)]^t.
When interest is compounded half yearly,
Amount = p[1+(r/2x100)]^2t.
Shivanath said:
1 decade ago
What is the compound interest formula for full year. Tell the general nth year formula?
Ritesh kasat said:
1 decade ago
p(1+r/100)^n is value of amount and not compound interest.
However if we subtract two amounts, since the principal remains same, we will still get the difference between compound interest only.
However if we subtract two amounts, since the principal remains same, we will still get the difference between compound interest only.
Srimoyee said:
1 decade ago
The formula is slightly incorrect. Amount = P(1+R/100)^1 + [1+(1/2*R)/100] then C.I = AMOUNT - SUM.
Same is in the case of half-yearly.
Amount = P(1+R/200)^2*3/2.
THEN CI = AMOUNT - SUM.
Same is in the case of half-yearly.
Amount = P(1+R/200)^2*3/2.
THEN CI = AMOUNT - SUM.
Deekshit said:
1 decade ago
But the given question is difference b/w year and and half-yearly not as one and half-yearly so the answer is 2.04.
Mehul said:
1 decade ago
Any shortcut method?
Manikanta said:
1 decade ago
What about the Compound interest per year?
Why do we take [ 1/2 * 4 ] ?
Why do we take [ 1/2 * 4 ] ?
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