[Updated] Goldman Sachs Aptitude Test Questions and Answers
Practice List of TCS Digital Coding Questions !!!
Take 50+ FREE!! Online Data Interpretation Mock test to crack any Exams.

Quantitative Aptitude :: Compound Interest - Discussion

Home > Quantitative Aptitude > Compound Interest > MCQs Questions Discussion

48 / 16

Choose the correct option.

What is the difference between the compound interests on Rs. 5000 for 1 1/2 years at 4% per annum compounded yearly and half-yearly?

ARs. 2.04

BRs. 3.06

CRs. 4.80

DRs. 8.30

EData inadequate

Answer: Option (Login/Signup)

Show Explanation

C.I. when interest

compounded yearly=rs.[5000*(1 4/100)(1 1/2*4/100)]



= Rs. 5304.



C.I. when interest is

compounded half-yearly=rs.5000(1 2/100)^3



= Rs. 5306.04

Difference = Rs. (5306.04 - 5304) = Rs. 2.04

Asked In :: IBM

Post Your Answer Here:     

Reply    
Rate This: +0 -0
    Report


Report Error

Please Login First Click Here

Reply    
Rate This: +0 -0
    Report


Report Error

Please Login First Click Here