true

Learn Government Exams Coaching from the Best Tutors

Affordable fees
1-1 or Group class
Flexible Timings
Verified Tutors

Search in

Compound Interest Question

20/09/2018 1 0

Q. Mohan obtained a loan of Rs 2000 against some security. If rate of interest is 5â??per annum compound annually, find interest and amount paid by him at the end of two years.

Ans: principal amount= 2000

Short cut

First find square of(1+ 5/100)= 1.1025

Amount is paid 1.1025×2000= 2205rs

Interest is 2205-2000=205rs

If it is ask only interest we don't need to calculate amount we find it by

Interest is paid (1.1025-1)×2000=205rs

1 Like 0 Dislike

Follow 1

Other Lessons for You

What is Monetary Policy Committee (MPC) ?

The new MPC is to be a six member panel that is expected to bring "VALUE and TRANSPARENCY" to rate setting decisions. It will feature three members from the RBI- the Governor, a Deputy Governor , and another...

Sunny Kumar

0 0

SYSTEM OF NUMBER

NUMBER SYSTEM Digits : - The symbol 0,1,2,3,4,5,6,7,8,9 are called digit. Digits are used to represent any number. The number 0 is called insignificant digit while other ( 1,2,3,4,5,6,7,8,9) are called...

Radadiya Institute

0 0

Banking Awareness

Anand Kumar

0 0

How to prpeare for SSC CGL exam?

There are four sections in SSC CGL namely 1.General Intelligence and Reasoning2.English Language3.Quantitative Aptitude4.General AwarenessComing to clearing SSC CGL if you have prepared earlier for any...

Siddhartha Singh Chandel

2 0

SSC CHSL (Previous Year Questions/Answers)

SSC CHSL Previous Year Question/Answers Set - 1 G.K Section (1-10 Questions) QID 1. Barograph was invented by: Options: 1) Lucien Vidi 2) John Venn 3) Theophilus Van Kannel 4) Lewis Urry. Correct...

Brilliant Academy Pathankot

1 0

Find Government Exams Coaching Classes near you

Looking for Government Exams Coaching Classes?

Learn from Best Tutors on UrbanPro.

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you

Government Exams Coaching Questions

Do OBC students get fees exempted for any of the ssc exam?

15 Answers

What are the best books to crack Staff Selection Commission examination?

8 Answers

How stenography skill is tested in the Grade 'C' and 'D'? Thanks

15 Answers

Which are the government job / exam eligible for women after 34 in India?

23 Answers

Which are the best English books for the staff selection commission exam?

6 Answers

Looking for Government Exams Coaching Classes?

The best tutors for Government Exams Coaching Classes are on UrbanPro

Select the best Tutor
Book & Attend a Free Demo
Pay and start Learning

Learn Government Exams Coaching with the Best Tutors

The best Tutors for Government Exams Coaching Classes are on UrbanPro

I am a Student I am a Tutor
Name*	Please enter your full name. Please enter institute name.
Email*	Please enter your email address.
Phone*	Please enter a valid phone number.
Location*	Please enter a pincode or area name.
City*	Please enter city name.
Category*	Please enter category.
Gender*	Male Female Please select your gender.
Email ID/ Mobile No.*	Please enter either mobile no. or email.
Enter Password*	Please enter OTP Please enter Password Sorry, this phone number is not verified, Please login with your email Id.