Advertisements
Advertisements
Question
Calculate the amount and compound interest on Rs 62500 for `1 1/2` years at 8% per annum compounded half yearly.
Solution
Principal (P) = Rs 62,500
Rate = 8% per annum or 4% per half year
Number of years =`1 1/2`
There will be 3 half years in `1 1/2` years.
A = `P(1 + R/100)^n = Rs [62500 (1 + 4/100)^3]`
= Rs `(62500 xx 26/25 xx 26/25 xx 26/25)`
= Rs 70304
C.I. = A − P = Rs 70304 − Rs 62500 = Rs 7,804
APPEARS IN
RELATED QUESTIONS
Calculate the amount and compound interest on Rs 10000 for 1 year at 8% per annum compounded half yearly.
The difference between the S.I. and C.I. on a certain sum of money for 2 years at 4% per annum is Rs 20. Find the sum.
Kamala borrowed from Ratan a certain sum at a certain rate for two years simple interest. She lent this sum at the same rate to Hari for two years compound interest. At the end of two years she received Rs 210 as compound interest, but paid Rs 200 only as simple interest. Find the sum and the rate of interest.
The value of a machine depreciated by 10% per year during the first two years and 15% per year during the third year. Express the total depreciation of the machine, as percent, during the three years.
Calculate the difference between the compound interest and the simple interest on ₹ 7,500 in two years and at 8% per annum.
A certain sum of money invested for 5 years at 8% p.a. simple interest earns an interest of ₹ 12,000. Find:
(i) the sum of money.
(ii) the compound interest earned by this money in two years and at 10% p.a. compound interest.
Find the amount and the compound interest payable annually on the following :
Rs.25000 for 1`(1)/(2)` years at 10% per annum.
The compound interest payable annually on a certain sum for 2 years is Rs 40.80 and the simple interest is Rs 40. Find the sum and the rate percent.
The time taken for ₹ 4400 to become ₹ 4851 at 10%, compounded half yearly is _______
The sum which amounts to ₹ 2662 at 10% p.a in 3 years, compounded yearly is _________
