Multiple Choice Questions on Find the compound interest on 18000 at 20 rate of interest in 1 1 2 years if compounded half yearly ........ for Mathematics - All Exams Preparation

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Multiple Choice Questions

Find the compound interest on 18000 at 20 rate of interest in 1 1 2 years if compounded half yearly ........

Quantitative Aptitude ( CCS) Compound Interest
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    Find the compound interest on 18000 at 20% rate of interest in 1(1/2) years, if compounded half yearly ?

    Rs5958

    Correct Answer

    Rs4916

    Incorrect Answer

    Rs5780

    Incorrect Answer

    Rs3500

    Incorrect Answer
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    Explanation:

    In half yearly we make rate half and time double.
    So R =20/2 = 10%
    T = 3/2 * 2= 3years
    So 10% of 18000 = 1800
    1800………………1800………………….1800
    .                           180……………………180
    .                                                         180
    .                                                           18
    = 5400 + 540 + 18 = 5958

    Hence, option 1 is the correct answer.

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