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Home Aptitude Compound Interest See What Others Are Saying!
  • Question
  • A moneylender lends Rs. 2000 for 6 months at 20% per annum whereas the interest is compounded quarterly. After the given period he will get the amount of?


  • Options
  • A. Rs. 2205
  • B. Rs. 2200
  • C. Rs. 2160
  • D. Rs. 2040

  • Correct Answer
  • Rs. 2205 

    Explanation

    For the quarterly interest,
    Time = (6/12) year x 4 = 2 quarterly
    Rate = 20/4 = 5%
    (? On quarterly interest time is multiplied by 4 and rate is divided by 4)
    Hence,required amount = Principal (1 + Rate/100)Time
    = 2000(1 +5/10)2
    = 2000(21/20)2
    = Rs. 2205


  • More questions

    • 1. 
      A is 3 years younger to B, C is two years older then A. Then B's relation to C is?

    • Options
    • A. Two years older
    • B. One year younger
    • C. One year older
    • D. Two years younger
    • Discuss
    • 2. If Sin ? = 20/29, then what is the value of Cos ??

    • Options
    • A. 29/21
    • B. 21/29
    • C. 21/20
    • D. 20/29
    • Discuss
    • 3. If a + b = 4 and ab = -5, then what is the value of a3 + b3 ?

    • Options
    • A. 34
    • B. 36
    • C. 124
    • D. 126
    • Discuss
    • 4. The sum of a number and 4 times its reciprocal is 5. What is the number?

    • Options
    • A. 4
    • B. 5
    • C. 6
    • D. 7
    • Discuss
    • 5. What is the reflection of the point (4 , -3) in the line y = 1?

    • Options
    • A. (4, -5)
    • B. (4, 5)
    • C. (-4, -5)
    • D. (-4, 5)
    • Discuss
    • 6. At what point does the line 3x + 2y = 12 cuts the Y-axis?

    • Options
    • A. (0, 6)
    • B. (0, -6)
    • C. (6, 0)
    • D. (-6, 0)
    • Discuss
    • 7. The areas of two similar triangles ?ABC and ?PQR are 121 sq cms and 64 sq cms respectively. If PQ = 12 cm, what is the length (in cm) of AB?

    • Options
    • A. 7.25
    • B. 6.25
    • C. 16.5
    • D. 5.25
    • Discuss
    • 8. What is the value of Tan 60 + Cosec 60?

    • Options
    • A. 5/3
    • B. 2/?3
    • C. 5/?3
    • D. 2/3
    • Discuss
    • 9. If x/3 - [5(7x/5 - 4/3)]/2 = -x/6, then what is the value of x?

    • Options
    • A. 10/9
    • B. -10/9
    • C. -9/10
    • D. 9/10
    • Discuss
    • 10. If a3+ b3 = 19 and a + b = 1, then what is the value of ab?

    • Options
    • A. 5
    • B. -6
    • C. 7
    • D. -9
    • Discuss


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