Multiple Choice Questions on Find the C I on Rs12000 if the rate of interest is 20 and time is 2yrs and it is compounded half yea........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Find the C I on Rs12000 if the rate of interest is 20 and time is 2yrs and it is compounded half yea...........

Quantitative Aptitude ( CCS) Compound Interest
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    Find the C.I on Rs12000, if the rate of interest is 20% and time is 2yrs and it is compounded half yearly?

    5560

    Incorrect Answer

    5558

    Incorrect Answer

    5558.2

    Incorrect Answer

    5569.2

    Correct Answer
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    Explanation:

    note – in half yearly time – double, R.O.I – half
    R=10%, T = 4yrs
    12000
    1200 …1200 ….1200 ….1200
    .        …120    ….120   ….120
    .                     ….120   ….120
    .                     ….12     ….120
    .                                  ….12
    .                                  ….12
    .                                  ….12
    .                                  ….1.2
    .                                   5569.2

    Hence, option 4 is the correct answer.

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