Advertisements
Advertisements
प्रश्न
A man borrowed Rs. 20,000 for 2 years at 8% per year compound interest. Calculate :
(i) the interest of the first year.
(ii) the interest of the second year.
(iii) the final amount at the end of the second year.
(iv) the compound interest of two years.
Advertisements
उत्तर
Here Principal (P) =Rs.20,000, Time = 1 year
Rate = 8%
(i) ∴ The interest of the first year =`(20,000xx8xx1)/100`
= Rs.1600
(ii) ∴ Amount after one year
i.e. Principal for second year = Rs.20,000 + Rs.1,600 = Rs.21,600
∴ Interest for second year =`(21,600xx8xx1)/100`
= 216 × 8
= Rs.1728
(iii) Final amount at the end of second year
= Rs. (21,600 + 1728) = Rs.23,328
(iv) Interest of two years = Rs.23,328 − Rs.20,000 = Rs.3,328
APPEARS IN
संबंधित प्रश्न
Calculate the amount and compound interest on Rs 18000 for `2 1/2` years at 10% per annum compounded annually.
Calculate the amount and compound interest on Rs 8000 for 1 year at 9% per annum compound half yearly. (You could use the year by year calculation using SI formula to verify)
A sum is invested at compound interest, compounded yearly. If the interest for two successive years is Rs. 5,700 and Rs. 7,410. calculate the rate of interest.
A man borrows Rs.10,000 at 10% compound interest compounded yearly. At the end of each year, he pays back 20% of the amount for that year. How much money is left unpaid just after the second year ?
Calculate the compound interest for the second year on Rs. 15000 invested for 5 years at 6% 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.
The difference between simple interest and compound interest compounded annually on a certain sum is Rs.448 for 2 years at 8 percent per annum. Find the sum.
The difference between the C.I and S.I for 2 years for a principal of ₹ 5000 at the rate of interest 8% p.a is ___________
The compound interest on ₹ 16000 for 9 months at 20% p.a, compounded quarterly is ₹ 2522
In how many years will ₹ 3375 become ₹ 4096 at `13 1/3` p.a if the interest is compounded half-yearly?
