हिंदी

Find the Difference Between the Compound Interest Compounded Yearly and Half-yearly on Rs. 10,000 for 18 Months at 10% per Annum. - Mathematics

Advertisements
Advertisements

प्रश्न

Find the difference between the compound interest compounded yearly and half-yearly on Rs. 10,000 for 18 months at 10% per annum.

योग

उत्तर

(i) When interest is compounded yearly :
Given : P = Rs. 10,000 ; n = 18 months = `1 1/2` year and r = 10% p.a.
For 1 year

A = `"P"( 1 + r/100)^n  (1 + r/200)^(1/cancel2) xxcancel2`

= `10,000 xx 11/ 10 xx 21/ 20`

= 1020 × 11

= 11,550

When interest is compounded half-yearly

`A = P (1 + r/200)^(nxx2)`

= `10,000 (1 + 10/200)^(3/cancel2 xxcancel2`

 =`10,000 xx 21/20 xx 21/20 xx 21/20`

= `(105 xx 441)/4`

= `46305/4`

 = 11576.25

 Therefore, the difference between both C.I

₹11,576.25 - ₹11,550

= ₹26.25

shaalaa.com
Concept of Compound Interest - When the Interest is Compounded Half Yearly
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 3: Compound Interest (Using Formula) - Exercise 3 (C) [पृष्ठ ५०]

APPEARS IN

सेलिना Concise Mathematics [English] Class 9 ICSE
अध्याय 3 Compound Interest (Using Formula)
Exercise 3 (C) | Q 2 | पृष्ठ ५०

संबंधित प्रश्न

What sum of money will amount to Rs. 27,783 in one and a half years at 10% per annum compounded half yearly ?


At what rate of interest per annum will a sum of Rs. 62,500 earn a compound interest of Rs. 5,100 in one year? The interest is to be compounded half yearly.


In what time will Rs. 1,500 yield Rs. 496.50 as compound interest at 20% per year compounded half-yearly ?


Calculate the C.I. on Rs. 3,500 at 6% per annum for 3 years, the interest being compounded half-yearly.
Do not use mathematical tables. Use the necessary information from the following:
(1.06)3 =1.191016; (1.03)3 = 1.092727
(1.06)6 =1.418519; (1.03)6 = 1.194052


Find the difference between compound interest and simple interest on Rs.12,000 and in  `1 1/2` years at 10% compounded yearly.


Find the amount and the compound interest payable annually on the following :

Rs.24000 for 1`(1)/(2)` years at 7`(1)/(2)`% per annum.

[Hint : 1 year 146 days = `1(146)/(365)"year" = 1(2)/(5)"year"`]


A man lends Rs 15000 at 10.5% per annum C.I., interest reckoned yearly, and another man lends the same sum at 10% per annum, interest being reckoned half-yearly. Who is the gainer at the end of one year and by how much?


Find the amount and the compound interest on the following :
Rs.15000 for 2years at 8% per annum compounded semi-annually.


Find the amount and the compound interest on the following :
Rs.25000 for 2 years at 6% per annum compounded semi-annually.


Find the amount and compound interest on Rs.50000 on 1`(1)/(2)` years at 8% p.a. compounded half-yearly.


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×