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 5 of 6.
Kasinath @Hyd said:
1 decade ago
I think the compound Interest part in the given question is wrong.
(1)
BHARAT said:
6 years ago
Why didn't we take SI to be half-yearly. It should be 60 right?
(3)
Shruti said:
8 years ago
Why we have raised the power to 2 in calculating CI?
Abi said:
1 decade ago
Hello, how the 5/100 came? can anyone tell me.
KRK said:
1 decade ago
Why 1200 is subtracted for calculation of CI?
Rani said:
1 decade ago
Why 1200 is subtracted for calculation of CI?
Name said:
7 years ago
Can anyone explain me the Last step?
Name said:
7 years ago
Can anyone explain me the Last step?
Binnu said:
1 decade ago
How compound interest calculated?
Ami said:
6 years ago
Why 5/100? Please explain that.
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