UrbanPro

Location Set your Location

Login Ask & Answer Success Stories Paid Courses Free Classes Tuition & Classes Fees Write a Review All Categories Help Center
Post your Learning Need Signup as a Tutor
✕

Popular Cities

Bangalore

Hyderabad

Delhi

Mumbai

Chennai

Pune

Kolkata

Gurgaon

Ahmedabad

Jaipur

Noida

✕

Take Quantitative Aptitude from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Book a Free Demo

Quantitative Aptitude > Learn Quantitative Aptitude > Why is the rate of interest halved and the time doubled...
✕

Search in

Why is the rate of interest halved and the time doubled when interest is compounded twice yearly?

Asked by Last Modified  

2 Answers

Learn Quantitative Aptitude

Follow 2
Answer

Please enter your answer

Assistant Professor

The formula for compounding is A=P(1+r/100)^n. Now, what does the formula mean, simply put every year the money you had earlier put (principal) would be multiplied by a factor ( 1+r/100) a certain number of times (years you invested/loaned) ,right? Now if you start compounding half yearly, what would...
read more
The formula for compounding is A=P(1+r/100)^n. Now, what does the formula mean, simply put every year the money you had earlier put (principal) would be multiplied by a factor ( 1+r/100) a certain number of times (years you invested/loaned) ,right? Now if you start compounding half yearly, what would change? Say you were getting Rs 10 on Rs 100 for an year i.e. 10% interest, now the person would give you only Rs 5 as you have invested for half year right? So, you can say the ROI for half year is half of that of full year. Now, after half an year your money has amounted to Rs 105, now for the course of next half year this would act as your principal? That is why, now the number of times your money would be multiplied would be doubled, as the amount is compounded twice instead of once every year. If you understand this basic you won’t have to mug up the formula. Now, if you are given compounded thrice the ROI would be 1/3rd and number of times it is multiplied would be tripled. read less
Comments
Dislike Bookmark

Trainer

Because in one year there are two half years I mean six months that's why we multiply time with 2 and divided rate by 2
Comments
Dislike Bookmark

Related Questions

Dear all, I am looking for tutor who can teach SSC CGL aptitude topics. Kindly drop your details. I ma staying in Banagluru near whitefield.
I would request you to visit sai vidya edcation in viman nagar... Go through it. It'll help you understand all concepts and everything about SSC CGL.
Subbareddy
0 0
9
if 9+3=108, 6+7=78, 4+8=48, 8+5=104, then 5+3=?
40
Suraj
A bag contains 2 red, 3 green and 2 blue balls. Two balls are drawn at random. What is the probability that none of the balls drawn is blue?
((5!*5!)/(3!*7!))=10/21=0.476190
Learn Unwired
A hunter walked one kilometer south from his camp. Then he walked one kilometer west. There he shot a bear. Then he walked one kilometer north, and found that he was back at his camp. What color was the bear?
This can occur only in North pole. So colour of bear is White.
Learn Unwired
What will be the remainder when 47 to the power 47 is divided by 144 in base 12? Answer should be in base 12.
Try to solve it by yourself. The answer should be 7A. If you are unable to solve it, I will be happy to provide you with detailed solution but first give it a try yourself.
Abhijeet Kumar Sinha
1 0
5

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Find out the wrong number in the following number series.
Find out the wrong number in the following number series. 1. 1 5 23 91 263 521 515 2. -2 5 -1 12 29 166 9813. 15 136 55 104 79 89 4. 120 15 100 25 75 37.5 5. 24 12 12 18 27 90 2706. 17 169 972 4885 19524...

Saikat Mitra

0 0
0
CONCEPTUAL CLARITY
WHILE STUDYING ANY TOPIC MAKE SURE THAT AVOID MULTIPLE SOURCES. INSTEAD PICK UP ONE STANDARD SOURCE AND THE CONTENT OF WHICH YOU CAN COMPREHEND. READ IT MULTIPLE TIMES...FRAME A PICTURE IN MIND....ANALYSE...

Nimesh Singhvi

4 0
0
Fast Calculations In Mathematics: (Multiplication Module 1: Part a - Multiplication By 11)
Multiplication Of Any Two-Digit Number (Let Say Ab) By 11: A) WHEN (A+B) IS BETWEEN 0 TO 9: A (A+B) B EXAMPLES: 1) 11 X 42 = 4 ( 4+ 2) 2 = 462 ...

Anshuman Singh

1 0
0
Let's find cube of a number
How to find Cube of a number?

Sulthan GD

0 0
1
Permutation and Combination
Fundamental Principle of Counting/Multiplication rule Q1) How many numbers greater than 999 but not greater than 5000 be formed using the digits 0,1,2,3,4 and 5 if (a) repetition of digits is allowed...

Atul M.

Recommended Articles

Bank P.O Exam Guide

Bank P.O is one of the most talked about examination for bank recruitment in India. P.O stands for Probationary Officer which is an entry level position in banks, which are especially for fresh graduates or a person without any prior experience. The probation period for Bank P.Os is generally 2 years in which they’re trained...

Read full article >

8 Exam Stress Busters That You Can Count On

When exams knock at the door, it is common to go paranoid. First, the constant worry on how you will perform and whether you are preparing right is a major concern. Next, the limited time span and the vast syllabus that you have to complete. Irrespective of the kind of exam you are appearing for, stress is common and happens. If...

Read full article >

Revision Techniques to Improve Learning during...

Students Preparing for Exams are always bogged by Revision to be completed and how much to Revise. I had found these Revision Techniques to be profound in actual getting good exams scores during my school days. Let us see what effective Revision Techniques can be used to improve Learning 1) If Time is King, an...

Read full article >

Exam Tips for Students

So, Children your exams are fast approaching & you are facing the jitters? correct? But there is nothing to worry. If you plan your studies well, you can definitely pass your examinations with flying colours. Here are a few simple tips that you can follow: 1. Your school has issued a time table for the exams....

Read full article >

Find Quantitative Aptitude Coaching near you
Quantitative Aptitude Coaching in Hyderabad
Quantitative Aptitude Coaching in Bangalore
Quantitative Aptitude Coaching in Delhi
Quantitative Aptitude Coaching in Chennai
Quantitative Aptitude Coaching in Pune
Quantitative Aptitude Coaching in Mumbai
Quantitative Aptitude Coaching in Kolkata
Quantitative Aptitude Coaching in Gurgaon
Quantitative Aptitude Coaching in Jaipur
Quantitative Aptitude Coaching in Chandigarh

Looking for Quantitative Aptitude Coaching?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you
X

Looking for Quantitative Aptitude Classes?

The best tutors for Quantitative Aptitude Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take Quantitative Aptitude with the Best Tutors

The best Tutors for Quantitative Aptitude Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more

ThinkVidya Learning Pvt Ltd © 2010-2024All Rights Reserved