Please enter the following details
Free Daily Targets & Mocks
Study Material & Formulas PDFs
1 on 1 Mentorship
Question 97
How much will a sum of Rs.6,300 to in a span of 2 years, at 5 pcpa rate of compound interest (rounded of to the nearest integer)?
Solution
We can calculate the compound interest as follows
Compound Interest = $$6300 \times 1.05 \times 1.05 = 6945.75$$
Create a FREE account and get:
- Banking Quant Shortcuts PDF
- Free Banking Study Material - (15000 Questions)
- 135+ Banking previous papers with solutions PDF
- 100+ Online Tests for Free
