Advertisements
Advertisements
प्रश्न
If the interest is compounded half-yearly, calculate the amount when principal is Rs. 7,400; the rate of interest is 5% per annum and the duration is one year.
उत्तर
Given: P = Rs. 7,400; r = 5% p.a. and n = 1 year
Since the interest is compounded half-yearly,
Then, A = `"P"( 1 + r/[ 2 xx 100] )^(n xx 2)`
= `7,400( 1 + 5/[ 2 xx 100] )^(1 xx 2)`
= `7,400( 41/40)^2`
= Rs. 7,774.63
APPEARS IN
संबंधित प्रश्न
Find the difference between the compound interest compounded yearly and half-yearly on Rs. 10,000 for 18 months at 10% per annum.
A man borrowed Rs.16,000 for 3 years under the following terms:
20% simple interest for the first 2 years.
20% C.I. for the remaining one year on the amount due after 2 years, the interest being compounded half-yearly.
Find the total amount to be paid at the end of the three years.
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 half-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 borrows ₹ 4000 at 14% p.a., compound interest, being payable half-yearly. Find the amount he has to pay at the end of 1`(1)/(2)` years.
Simple interest on a sum of money for 2 years at 4% is Rs 450. Find the compound interest at the same rate for 1 year if the interest is reckoned half-yearly.
A man borrows Rs.6500 at 10% per annum compound interest payable half-yearly. He repays Rs.2000 at the end of every six months. Calculate the amount outstanding at the end of the third payment. Give your answer to the nearest rupee.
Find the amount and the compound interest on the following :
Rs.15000 for 2years at 8% per annum compounded semi-annually.
