Syntel
Company
Numerical Ability
Simple & Compound Interest
Find the rate of compound interest if an amount doubles in 4 years.
Read Solution (Total 1)
-
- If x is principal and 2x is amount after 4 yrs @ r% compound interest, then
2x= x*(1+r/100)^4
(1+r/100)^4= 2
1+r/100 = 4th root of 2 = 1.189
r/100 = 0.189
r= 18.9% - 13 years agoHelpfull: Yes(5) No(0)
Syntel Other Question