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Home Aptitude Compound Interest See What Others Are Saying!
  • Question
  • Vandana invested an amount of ? 8000 in a fixed deposit scheme for 2 yr at the rate of 5% pa compound interest. How much amount will Vandana get on maturity of the fixed deposit?


  • Options
  • A. ? 8000
  • B. ? 8890
  • C. ? 8888
  • D. ? 8820

  • Correct Answer
  • ? 8820 

    Explanation

    Given, P = ? 8000, R = 5% and n = 2 Yr
    According to the formula,
    Amount = p ( 1 + R / 100 )n
    = 8000 ( 1 + 5/100 )2
    = 8000 x (105/100)2
    =8000 x (21/20) x (21/20)
    = 20 x 21 x 21
    = ? 8820


  • More questions

    • 1. 
      The simplified form of log(75/16) -2 log(5/9) +log(32/343) is?

    • Options
    • A. log 2
    • B. 2 log 2
    • C. log 3
    • D. log 5
    • Discuss
    • 2. 
      If log 2 = 0.3010 then log 5 equals to?

    • Options
    • A. 0.3010
    • B. 0.6990
    • C. 0.7525
    • D. Given log 2, it is not possible to calculate log 5
    • Discuss
    • 3. 
      If log 102 =0.3010 and log 107 = 0.8451, then the value of log 10 2.8 is?

    • Options
    • A. 0.4471
    • B. 1.4471
    • C. 2.4471
    • D. 14.471
    • Discuss
    • 4. 
      A merchant has announced 25% rebate on prices of ready made garments at the time of sale. If a purchaser needs to have a rebate of ? 400, then how many shirts, each costing ? 320, should he purchase?

    • Options
    • A. 10
    • B. 7
    • C. 6
    • D. 5
    • Discuss
    • 5. 
      In the year 2011, Shantanu gets a total of 3832.5 Rupee as his pocket allowence. Find his pocket allowence per day.

    • Options
    • A. 9.5 Rupees
    • B. 10.5 Rupees
    • C. 12.5 Rupees
    • D. 11.5 Rupees
    • Discuss
    • 6. 
      26.003 - 154 .001 ÷ 6.995 =?

    • Options
    • A. 4
    • B. 18
    • C. 9
    • D. 10
    • Discuss
    • 7. 
      Given that log 10 2 = 0.3010, then log 2 10 is equal to?

    • Options
    • A. 0.3010
    • B. 0.6990
    • C. 1000 / 301
    • D. 699 / 301
    • Discuss
    • 8. 
      The sum of 4 consecutive even number is 284. What would be the smallest number?

    • Options
    • A. 72
    • B. 74
    • C. 68
    • D. 66
    • Discuss
    • 9. 
      A man travels 35 km partly at 4 km/hr and at 5 km/hr. If he covers former distance at 5 km/hr and later distance at 4 km/hr, he could cover 2 km more in the same time. The time taken to cover the whole distance at original rate is

    • Options
    • A. 9 hours
    • B. 7 hours
    • C. 4.5 hours
    • D. 8 hours
    • Discuss
    • 10. The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is:

    • Options
    • A. Rs. 960
    • B. Rs. 840
    • C. Rs. 1020
    • D. Rs. 760
    • Discuss


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