Home » Aptitude » Compound Interest » Question
  1. The compound interest on ₹ 6,000 at 10% per annum for 1
    1
    years,
    2
    when the interest being compounded annually, is
    1. ₹ 910
    2. ₹ 870
    3. ₹ 930
    4. ₹ 900
Correct Option: C

Here , A = ? , P = ₹ 6,000 , R = 10% , T = ( 3 / 2 ) years

Amount = 6000 1 +
10
× 1 +
(1/2) × 10
100100

⇒ Amount = 6000 ×
11
×
21
= ₹ 6930
1020

Second Method to solve this question :
Here, t = nF
A = P1 +
r
n1 +
rF
100100

∴ A = ₹ 6930
CI = Amount - Principal
∴  CI = ₹ (6930 – 6000) = ₹ 930



Your comments will be displayed only after manual approval.