My Learning
Cart
Sign In
Categories
Current Affairs & GK
Current Affairs
Show All Current Affairs & GK
eBooks
General Aptitude
Arithmetic Aptitude
Data Interpretation
Show All General Aptitude
General Knowledge
Basic General Knowledge
General Science
Show All General Knowledge
Medical Science
Anatomy
Biochemical Engineering
Biochemistry
Biotechnology
Microbiology
Show All Medical Science
Technical
Database
Digital Electronics
Electronics
Networking
Show All Technical
Verbal and Reasoning
Logical Reasoning
Verbal Ability
Verbal Reasoning
Show All Verbal and Reasoning
A bank gives a compound interest of 8% per annum. If you invest $1000, how much
Practice Questions
Q1
A bank gives a compound interest of 8% per annum. If you invest $1000, how much will you have after 1 year?
$1080
$1100
$1120
$1150
Questions & Step-by-Step Solutions
A bank gives a compound interest of 8% per annum. If you invest $1000, how much will you have after 1 year?
Steps
Concepts
Compound Interest
– Understanding how compound interest is calculated over a period of time.
Basic Arithmetic
– Applying basic multiplication and addition to compute the final amount.
Soulshift Feedback
×
On a scale of 0–10, how likely are you to recommend
The Soulshift Academy
?
0
1
2
3
4
5
6
7
8
9
10
Not likely
Very likely
✕
↑
