Advertisements
Advertisements
Question
Aryan borrowed a sum or Rs. 36,000 for `1 1/2` years at 10 % p.a. compound interest.
Find the amount he needs to return to clear the debt.
Solution
`"C"_2 = (39600 xx 1 xx 10)/200 = 1980`
`"P"_2 =39600 + 1980 = 41580`
APPEARS IN
RELATED QUESTIONS
Harijyot deposited Rs 27500 in a deposite scheme paying 12 % p.a. compound interest . If the duration of the deposite is 3 years , calculate :
The amount received by him at the end of three years.
Harijyot deposited Rs 27500 in a deposite scheme paying 12 % p.a. compound interest . If the duration of the deposite is 3 years , calculate :
The compound inrerest received by him.
Gayatri invested Rs.25,OOO for 3 years and 6 months in a bank which paid
1O % p.a- compound interest. Calculate the amount to the nearest.Ts-10, that she
received at the end of the period.
Neha loaned Rs 27500 to a friend for 1 3/4 years at 8 % p.a. compound interest. Find the interest earned by her.
Calculate the amount and the compound interest for the following :
Rs. 12500 for 2 years at 8% for the first year and 10% for the second year.
Rajan borrowed Rs 90,000 at 15% p.a. compound interest. If he repays Rs 35,000 at the end of each year, find the amount of loan outstanding at the beginning of the fourth year.
Find the sum invested at 8% p.a. compound interest on which the interest for the third year exceeds that of the first year by Rs 166.40.
Rs.16,000 is invested at 5% compound interest compounded per annum. Use the table, given below, to find the amount in 4 years.
Year ↓ |
Initial amount (Rs.) |
Interest (Rs.) |
Final amount (Rs.) |
1st | 16,000 | 800 | 16,800 |
2nd | ........... | ........... | ........... |
3rd | ........... | ........... | ........... |
4th | ........... | ........... | ........... |
5th | ........... | ........... | ........... |
Find the compound interest, correct to the nearest rupee, on Rs. 2,400 for `2 1/2` years at 5 per cent per annum.
Meenal lends Rs. 75,000 at C.I. for 3 years. If the rate of interest for the first two years is 15% per year and for the third year it is 16%, calculate the sum Meenal will get at the end of the third year.