Advertisements
Advertisements
प्रश्न
Kamal borrowed Rs 57600 from LIC against her policy at \[12\frac{1}{2} \%\] per annum to build a house. Find the amount that she pays to the LIC after \[1\frac{1}{2}\] years if the interest is calculated half-yearly.
उत्तर
Given:
P = Rs 57, 600
R = 12 . 5 % p . a .
n = 1 . 5 years\]
When the interest is compounded half - yearly, we have:
\[A = P \left( 1 + \frac{R}{200} \right)^{2n} \]
= Rs \[57, 600 \left( 1 + \frac{12 . 5}{200} \right)^3 \]
= Rs\[57, 600 \left( 1 . 0625 \right)^3 \]
= Rs 69, 089 . 06
Thus, the required amount is Rs 69, 089 . 06 .
APPEARS IN
संबंधित प्रश्न
Fabina borrows Rs 12,500 at 12% per annum for 3 years at simple interest and Radha borrows the same amount for the same time period at 10% per annum, compounded annually. Who pays more interest and by how much?
Find the amount and the compound interest on Rs 10,000 for `1 1/2` years at 10% per annum, compounded half yearly. Would this interest be more than the interest he would get if it was compounded annually?
Roma borrowed Rs 64000 from a bank for \[1\frac{1}{2}\] years at the rate of 10% per annum. Compute the total compound interest payable by Roma after \[1\frac{1}{2}\] years, if the interest is compounded half-yearly.
Find the compound interest on Rs 15625 for 9 months, at 16% per annum, compounded quarterly.
Rekha deposited Rs 16000 in a foreign bank which pays interest at the rate of 20% per annum compounded quarterly, find the interest received by Rekha after one year.
Find the amount of Rs 12500 for 2 years compounded annually, the rate of interest being 15% for the first year and 16% for the second year.
On what sum will the compound interest at 5% per annum for 2 years compounded annually be Rs 164?
For calculation of interest compounded half yearly, keeping the principal same, which one of the following is true?
If principal = Rs 1,00,000. rate of interest = 10% compounded half-yearly. Find amount after one year.
Rahim borrowed Rs 10,24,000 from a bank for one year. If the bank charges interest of 5% per annum, compounded half-yearly, what amount will he have to pay after the given time period. Also, find the interest paid by him.
