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Simple interest on a sum of money for 2 years at 4% is Rs. 450. Find compound interest on the same sum and at the same rate for 1 year, if the interest is reckoned half yearly. - Mathematics

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प्रश्न

Simple interest on a sum of money for 2 years at 4% is Rs. 450. Find compound interest on the same sum and at the same rate for 1 year, if the interest is reckoned half yearly.

योग

उत्तर

1st case

Given:  S.I. = Rs. 450; Time = 2 years and Rate = 4%

∴ Principle = `[ "I" xx 100 ]/[ "R" xx "T"]`

= `[ 450 xx 100 ]/[ 4 xx 2 ]`

= Rs. 5625

2nd case (compounded half-yearly)

P = Rs. 5,625; n = 1 year and r = 4%

∴ A = P`(1 + r/[ 2 xx 100 ])^( n xx 2)`

= `5625(1 + 4/[ 2 xx 100 ])^(1 xx 2)`

= `5625(51/50)^2`

= Rs. 5852.25

∴ C.I. = 5852.25 - 5625

= Rs. 227.25

shaalaa.com
Concept of Compound Interest - Use of Compound Interest in Computing Amount Over a Period of 2 Or 3-years
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 3: Compound Interest (Using Formula) - Exercise 3 (E) [पृष्ठ ५४]

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सेलिना Concise Mathematics [English] Class 9 ICSE
अध्याय 3 Compound Interest (Using Formula)
Exercise 3 (E) | Q 1 | पृष्ठ ५४
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