ExamCompetition Forum Question Papers Ask A Question Mock Test Learn & Earn Sign Up Login Menu



0 vote

What is the compound interest (in Rs) for 1 year on a sum of Rs 20000 at the rate of 40% per annum compounding half yearly?

Asked on by | Votes 0 | Views: 68 | Tags: compound interest     | ssc cgl tier 1 05 08 2017 shift 3     | ssc cgl tier 1     | ssc cgl     | quantitative aptitude     | ssc cgl tier 1 2017     | ssc cgl 2017     | Add Bounty

What is the compound interest (in Rs) for 1 year on a sum of Rs 20000 at the rate of 40% per annum compounding half yearly?
1). 8000
2). 8650
3). 8750
4). 8800


Share on Facebook      Share on Whatsapp       Share on Twitter




2 answers

0 vote
Answered by on | Votes 0 |
Right Answer for this question is 8800

Join Telegram Group




0 vote
Answered by on | Votes 0 |

.A = P $(1+\frac{(R1)^{}}{100})$ $(1+\frac{(R2)^{}}{100})$

= 10000 $(1+\frac{(10)^{}}{100})$  $(1+\frac{(12)^{}}{100})$

= $10000\times\frac{110}{100}\times\frac{112}{100}$

= Rs 12320




Answer This Question

Name:
Email:
Answer :
Sum of (3+1)
Submit:

Other Questions

1. Find the rate percent per annum, If Rs. 2000 amounts to Rs.2,315.25 In a year and a half. Interest being compounded half yearly.

2. The compound Interest on a cer- tain sum of money for 2 years at 5%per annum is Rs.410.The simple interest on the same sum at the same rate and for the same time is

3. A sum of money on compound interest amounts to Rs.10648 in 3 years and Rs.9680 in 2 years. The rate of interest per annum is :

4. A sum of money becomes eight times of Itself in 3years at compound interest.The rate of Interest per annum is

5. Rs. 16,820 Is divided between two brothers of age 27 years and 25 years. They Invested their money at 5% per annum compound interest In such a way that both will receive equal money at the age of 40 years. The share (In Rs.) of elder brother is

6. A sum of money amounts to Rs.4,840 in 2 years and to Rs.5,324 in 3 years at compound interest compounds of interest per annum is

7. The difference between the simple and compound Interest on a certain sum of money for 2 years at 4% per annum is Rs.4, The sum is

8. A money-lender borrows money at 4% per annum and pays the Interest at the end of the year. He lends it at 6% per annum compound Interest compounded half yearly and receives the Interest at the end of the year. In this way. he gains Rs.104.50 a year. The amount of money he borrows. Is

9. A man borrows Rs.21000 at 10% compound interest. How much he has to pay annually at the end of each year. to settle his loan in two years

10. At what rate per annum will Rs.32000 yield a compound interest of Rs.5044 in 9 month interest being compound quarterly