aptitude questions asked in bank exams

There is 60% increase in an amount in 6 years at simple interest. what will be the compound interest of Rs. 12000 after 3 years at the same rate? (a) Rs.2160 (b) Rs.3120 (c) Rs.3962 (d) Rs.6240

• Sunil
• 2769 दृश्य
• 1 उत्तर

• The formulae for compound interest is: P*[1+r/n]^n*t;br /P= The principal amountbr /r= rate of interest per yearbr /n= number of times the amount is compounded annually which in this case is 12br /t= the time for which the amount is keptbr /r=rate of interestbr /br /let x be the amount deposited for six years at simple interest.br /x + 6[(r/100)*x]=x+(60/100)*[x] eqn (1)br /from here the value of r will be equal to 10;br /Let compound interest be equal to =y;br /now by calculating compound interest for rs 12000 for three yearsbr /br /y=12000[1+(10/100*12)]^12*36;br /br /from here we get y equal to 3120;br / 

  • Sahil
  • 08 जुलाई
  • 0 टिप्पणी

  0

  ---

• ICICI PO written exam 2018, slot booking, admit cards
• what is the pattern of ICICI PO program exam?
• Can someone please let me know about the upcoming dates of ICICI BANK Exam ?
• is there any negative marking for wrong answers?
• from a point p on a level ground, the angle of elevation of the top of a tower is 30 degrees. if the tower is 100 m height, then the distance of point p from the foot of the tower is :
• ICICI Bank Recruitment 2018, eligibility, age limit
• ICICI PO Online Test, preparation, study App, tips, study material
• ICICI PO 2018 test pattern, duration, syllabus, marking
• ICICI bank recruitment 2018, Application process, fee, last date to apply
• A train running at a speed of 60 km/hr crosses a pole in 9 seconds. what is the length of the train?