Mr X invested Rs 20 000 with rate of interest at 10 per annum The interest was compounded half yearl...........

Quantitative Aptitude ( CCS) Compound Interest

Mr. X invested Rs. 20,000 with rate of interest at 10% per annum. The interest was compounded half yearly for first year and in the next year it was compounded yearly. What will be the total interest earned at the end of two years?

Rs4255

Rs5880.6

Rs4230.5

Rs5600

छोटे Courses बड़े Results

Master Compound Interest

Prepare through Micro-courses

Try Now

Explanation:

For 1st year Compounded halfyearly
amount=20000*(1+5/100)2
=50*21*21
=Rs22050.
For 2nd year Compounded halfyearly.
Then amount=22050* (1+10/100)
=Rs24255
Interest=24255-20000
=Rs4255.

Hence, option 1 is the correct answer.