Aptitude - Compound Interest - Discussion
Discussion Forum : Compound Interest - General Questions (Q.No. 7)
7.
At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?
Answer: Option
Explanation:
Let the rate be R% p.a.
| Then, 1200 x |  |
1 + | R |  |
2 | = 1348.32 |
| 100 |
 |
|
1 + | R | |
2 | = | 134832 | = | 11236 |
| 100 | 120000 | 10000 |
 |
|
1 + | R | |
2 | = | |
106 | |
2 |
| 100 | 100 |
| 1 + |
R | = | 106 |
| 100 | 100 |
R = 6%
Discussion:
41 comments Page 3 of 5.
Arulmozhi Nathan said:
9 years ago
I can't understand this problem could please anyone explain for me?
Suraj said:
7 years ago
What is the answer, if 9 months is given here instead of 2 years?
Linka said:
8 years ago
How to find the root of 11236 in an easyway? Anyone help me out.
Pinky said:
1 decade ago
By dividing numerator and denominator by 12 we got 11236/10000.
Hrushi said:
8 years ago
I am not getting this, please can anyone explain it for me?
Mounika said:
9 years ago
Please share short cut method for this type of problems.
Etsub said:
3 years ago
I can't understand it. Please explain me to get it.
(1)
Harika said:
1 decade ago
To find cp=p(1+R/100)^n-p but only amount is taken
Kaushal said:
6 years ago
How to do this problem without applying formula?
(4)
Shikhar shukla said:
1 decade ago
After the last step how 6% comes please explain?
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