Aptitude - Compound Interest - Discussion
Discussion Forum : Compound Interest - Data Sufficiency 2 (Q.No. 2)
Directions to Solve
Each of the questions given below consists of a question followed by three statements. You have to study the question and the statements and decide which of the statement(s) is/are necessary to answer the question.
2.
What will be the compound interest earned on an amount of Rs. 5000 in 2 years? | |
I. | The simple interest on the same amount at the same rate of interest in 5 years is Rs. 2000. |
II. | The compound interest and the simple interest earned in one year is the same. |
III. | The amount becomed more than double on compound interest in 10 years. |
Answer: Option
Explanation:
P = Rs. 5000 & T = 2 years.
I. S.I. on Rs. 5000 in 5 years is Rs. 2000.
| 5000 x R x 5 | = 2000  R = 8. |
|
| 100 |
Thus I only gives the answer.
Correct answer is (A).
Discussion:
13 comments Page 2 of 2.
Gajendra bisht said:
1 decade ago
In the second option, The compound interest and the simple interest earned in one year is the same.
Since compound interest and simple interest of first one year is same so why this option is also not true.
Since compound interest and simple interest of first one year is same so why this option is also not true.
Sai said:
1 decade ago
If we use PTR/100 formula, P=5000 T= 5 then it will be equal to 250 right? What is that 2000?
Arunkumar said:
1 decade ago
Very uesful good keep it up.
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