मराठी

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

Advertisements
Advertisements

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.

बेरीज

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
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 3: Compound Interest (Using Formula) - Exercise 3 (E) [पृष्ठ ५४]

APPEARS IN

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

संबंधित प्रश्‍न

In what time will Rs. 1500 yield Rs. 496.50 as compound interest at 10% per annum compounded annually?


Calculate the amount and the compound interest for the following:

Rs.13,500 at 10°10 p.a. in 2 years


Calculate the amount and the compound interest for the following:

Rs.23,7 50 at 12°/o p.a. in `2 1/2` years


The value of a machine, purchased two years ago, depreciates at the annual rate of 10%. If its present value is Rs.97,200, find:

  1.   Its value after 2 years.
  2.   Its value when it was purchased.

Calculate the sum of money on which the compound interest (payable annually) for 2 years be four times the simple interest on Rs. 4,715 for 5 years, both at the rate of 5% per annum.


A sum of money was invested for 3 years, interest being compounded annually. The rates for successive years were 10%, 15% and 18% respectively. If the compound interest for the second year amounted to Rs. 4,950, find the sum invested.


The simple interest on a certain sum of money for 3 years at 5% per annum is Rs.1,200. Find the amount and the compound interest due on this sum of money at the same rate and after 2 years. Interest is reckoned annually.


Nikita invests Rs.6,000 for two years at a certain rate of interest compounded annually. At the end of first year it amounts to Rs.6,720. Calculate:
(a) The rate of interest.
(b) The amount at the end of the second year.


Find the difference between the compound interest and simple interest on Rs 20,000 at 12% per annum for 3 years, the compound interest being payable annually.


Find the amount and the compound interest on the following :
Rs.16000 for 3 years at 10%, 8% and 6% for successive years.


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×