Elitmus
Exam
Numerical Ability
Simple & Compound Interest
ramesh deposited rs 15600 in a fixed deposit at a rate of 10% per annum s.i.after every second year ,he adds his interest earnings to the principal.the interest at the end of fourth year is
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- ans is 3744
- 7 years agoHelpfull: Yes(2) No(0)
- principle is 15600 and rate is 10% per year
it is given ramesh add interest after 2 years
I=P*R*T/100 so I=15600*10*2/100, I=3120
now new amount for 2 years 15600+3120=18720
new I=18720*10*2/100 I =3744 - 7 years agoHelpfull: Yes(0) No(0)
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