Multiple Choice Questions

Find the CI on Rs 4500 at 4 pa for 2 yrs compounded half yearly approx ........

Quantitative Aptitude (HAS) Compound Interest

Find the CI on Rs.4500 at 4% pa for 2 yrs compounded half yearly(approx) ?

963

369

639

360

CI = P [(1+(r/100)^n – 1] = 4500[(1+2/100)^4 – 1
= 4500[ (102*102*102*102/100*100*100*100) – 1]
= 4500[1.082 – 1]
= 4500*0.082 = 369

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