Question
Determine the compound interest earned on a principal
amount of Rs. 10,000, which is invested at an annual interest rate of 42%, with interest being compounded semi-annually, over the course of one year.Solution
ATQ, Rate = (42/2) = 21% per 6 months Desired interest = 10000 × [(1.21)2 – 1] = 10000 × 0.4641 = Rs.4641
More Compound Interest Questions
9 10 6 15 -1 ?
...There are 3 series, you have to find value of a, b, c and then establish relation among a,b,c.
19, 25, 45, a, 553, 2767
1560 760 360 160 6...
13 22 40 67 103 ?
...112 ? 336 840 2520 8820
...2, 12, 90, 240, ?, 1260
1 5 13 25 41 ...
43 36 50 29 ? 22
...5 3 3 5 15 ?
The following expressions form a series followed by a (?). Find the odd one out first and then find that what will come in place of the question mark (?...
5 16 ? 66 119 200
...
Relevant for Exams:
