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Numerical Ability
Simple & Compound Interest
If you deposit Rs. 110 in a bank at a simple interest of 12% per year, how much money will you have in the bank after 2 years?
a)134
b)136.4
c)26.4
d)24
e)136
Read Solution (Total 7)
-
- SI=PTR/100
SI=(110*2*12)/100
SI=26.4
Total amount aftr 2 yrs=P+SI=110+26.4=136.4 - 7 years agoHelpfull: Yes(13) No(2)
- 110*12*2/100=26.4
- 7 years agoHelpfull: Yes(1) No(7)
- 1% of 110:1.10
12% of 110:12*1.10=13.20 for one year
St For two years:2*13.20=26.40
Total balance :110+26.40=136.40 - 7 years agoHelpfull: Yes(1) No(1)
- 26.4 is the ans
- 5 years agoHelpfull: Yes(1) No(1)
- 110->12%=13.2
so after first year=123.2
now 12% value is 14.76
after second year=136.4 - 6 years agoHelpfull: Yes(0) No(0)
- 110*12/100*2
= 11*2.2=
24.2 rupees
thats right ans is (d) 24 - 1 year agoHelpfull: Yes(0) No(0)
- SI=PTR/100
SI=(110*2*12)/100
SI=26.4
Total amount aftr 2 yrs=P+SI=110+26.4=136.4 - 1 year agoHelpfull: Yes(0) No(0)
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