Find the C I on Rs 20 000 at 10 rate of interest in 2 years if compounded half yearly Approximately ........

Quantitative Aptitude(IBPS PO) Compound Interest

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Find the C.I on Rs 20,000 at 10% rate of interest in 2 years if compounded half yearly. (Approximately)

Rs 4210

Rs 4310

Rs 4410

Rs 4510

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Explanation:

Solution:
In half yearly=> Time-double; Rate= half
Rate=5% ; Time=4 years; Sum = Rs 20,000
1 years————–2 years————3 years———-4 years
1000—————–1000—————1000————-1000
————————50——————50—————–50
———————————————50—————–50
———————————————2.5—————-50
—————————————————————–2.5
—————————————————————–2.5
—————————————————————–2.5
—————————————————————-0.125
Total = Rs 4000 +300 + 10+0.125= Rs 4310.125

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