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Study the following graph carefully and answer the following questions given below.
If the savings scheme D offers compound interest (compounded half yearly) at the rate of 16 p.c.p.a, what would be sum of interests earned by Vikram and Deepa from savings scheme D after one year?
  • a)
    Rs.10,244/-
  • b)
    Rs.10,464/-
  • c)
    Rs.9,872/-
  • d)
    Rs.9,984/-
  • e)
    Rs.9,442/
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Study the following graph carefully and answer the following questions...
Sum of interests earned by Vikram and Deepa = 60000(1+8/100)²-60000
= 60000(27/25)²-60000
= 60000(729-625)/625
= 60000×104/625 = Rs. 9,984/-
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Study the following graph carefully and answer the following questions given below.If the savings scheme D offers compound interest (compounded half yearly) at the rate of 16 p.c.p.a, what would be sum of interests earned by Vikram and Deepa from savings scheme D after one year?a)Rs.10,244/-b)Rs.10,464/-c)Rs.9,872/-d)Rs.9,984/-e)Rs.9,442/Correct answer is option 'D'. Can you explain this answer?
Question Description
Study the following graph carefully and answer the following questions given below.If the savings scheme D offers compound interest (compounded half yearly) at the rate of 16 p.c.p.a, what would be sum of interests earned by Vikram and Deepa from savings scheme D after one year?a)Rs.10,244/-b)Rs.10,464/-c)Rs.9,872/-d)Rs.9,984/-e)Rs.9,442/Correct answer is option 'D'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about Study the following graph carefully and answer the following questions given below.If the savings scheme D offers compound interest (compounded half yearly) at the rate of 16 p.c.p.a, what would be sum of interests earned by Vikram and Deepa from savings scheme D after one year?a)Rs.10,244/-b)Rs.10,464/-c)Rs.9,872/-d)Rs.9,984/-e)Rs.9,442/Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Study the following graph carefully and answer the following questions given below.If the savings scheme D offers compound interest (compounded half yearly) at the rate of 16 p.c.p.a, what would be sum of interests earned by Vikram and Deepa from savings scheme D after one year?a)Rs.10,244/-b)Rs.10,464/-c)Rs.9,872/-d)Rs.9,984/-e)Rs.9,442/Correct answer is option 'D'. Can you explain this answer?.
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