Latest Syntel Aptitude Question SOLUTION: Peter deposits an amount with a bank in the fixed deposit which offers an interest compounded annually. John deposits the same amount with the same bank but in the savings scheme

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(#M40003688) SYNTEL Numerical Ability question Keep an EYE

Peter deposits an amount with a bank in the fixed deposit which offers an interest compounded annually. John
deposits the same amount with the same bank but in the savings scheme where he gets the same interest rate as
Peter but is not compounded. What would be the ratio of the sum that John gets after 6 years to that Peter gets
then?

Asked In Syntel (12 years ago)

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Read Solution (1) :

Sanjana Patnaik  (12 years ago)

The ratio of the amount gets by John and Peter is :136:161
Let Peter Deposited Rs.100 at 10% interest compounded annually for 6 years;
he gets: 100(1+10/100)^6 , solving we get Rs.161
And If similar amount John deposits at simple Int. He gets Rs.136
Thus the ratio is 136:161

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