Aptitude - Compound Interest - Discussion
Discussion Forum : Compound Interest - General Questions (Q.No. 13)
13.
The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:
Answer: Option
Explanation:
| S.I. = Rs |  |
1200 x 10 x 1 |  |
= Rs. 120. |
| 100 |
| C.I. = Rs. |  |
1200 x | |
1 + | 5 | |
2 | - 1200 |  |
= Rs. 123. |
| 100 |
Difference = Rs. (123 - 120) = Rs. 3.
Discussion:
53 comments Page 4 of 6.
Sanchali said:
8 years ago
Your answer is not clear to me, can you please explain briefly? @Nitish Reddy.
Simte said:
8 years ago
Can you give me the formulae to find out rate percent in compound interests?
Revathi jiii said:
9 years ago
For one year there both SI and CI remains same. Then how come its possible?
Priya said:
1 decade ago
On the account of half-yearly, the value of n in S.I would be 1/2 only na?
Kundan kumar said:
1 decade ago
For taking difference we have to solve for either one year or half year.
Naina said:
6 years ago
Because as r=10% for 1 yr so for the half year it would be 5%=5/100.
Nitish reddy said:
8 years ago
Here we are taking for only single half year so, n=1 then 2n=2*1=2.
Manimaran said:
1 decade ago
Please can you explain Why they used n=1 for SI And N=1/2 for C.I ?
Rohit said:
7 years ago
It is mentioned in the question SI-CI so they have just subtracted.
Paranjothi said:
1 decade ago
Please can you explain Why they used n=1 for SI And N=1/2 for C.I ?
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