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 4 of 5.
Krishna said:
8 years ago
Can you please explain the step how are is 6%?
Chimi said:
5 years ago
When 134832/12 = 11236.
120000/12 = 10000.
120000/12 = 10000.
(7)
Aarav said:
7 years ago
Give shortcut to get the answer clearly.
(1)
Daba said:
3 years ago
Very good, Thanks all for explaining.
(1)
Madhu said:
1 decade ago
How to find the root of 11236?
Divya said:
8 years ago
6% how? Please explain me.
(2)
Sanjeev said:
6 years ago
@Praveen.
It's logically.
It's logically.
(1)
G NARESH said:
1 decade ago
How you got 11236/10000?
Raj said:
9 years ago
@Praveen you are right.
Prerna said:
8 years ago
How we got 106/100?
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