Advertisements
Advertisements
प्रश्न
Amount when interest is compounded annually is given by the formula ______.
Advertisements
उत्तर
Amount when interest is compounded annually is given by the formula `underlinebb(A = P(1 + R/100)^T)`.
Explanation:
`A = P(1 + R/100)^T`
where, P = principal, R = rate per annum and T = time
APPEARS IN
संबंधित प्रश्न
I borrowed Rs 12000 from Jamshed at 6% per annum simple interest for 2 years. Had I borrowed this sum at 6% per annum compound interest, what extra amount would I have to pay?
Arif took a loan of Rs 80,000 from a bank. If the rate of interest is 10% per annum, find the difference in amounts he would be paying after `1 1/2` years if the interest is
(1) Compounded annually
(2) Compounded half yearly
Find the compound interest at the rate of 10% per annum for two years on that principal which in two years at the rate of 10% per annum gives Rs 200 as simple interest.
Rakesh lent out Rs 10000 for 2 years at 20% per annum, compounded annually. How much more he could earn if the interest be compounded half-yearly?
At what rate percent compound interest per annum will Rs 640 amount to Rs 774.40 in 2 years?
Find the rate percent per annum, if Rs 2000 amount to Rs 2315.25 in an year and a half, interest being compounded six monthly.
What sum of money will amount to Rs 45582.25 at \[6\frac{3}{4} %\] per annum in two years, interest being compounded annually?
If amount on the principal of Rs 6,000 is written as `6000 [1 + 5/100]^3` and compound interest payable half yearly, then rate of interest p.a. is ______ and time in years is ______.
If principal = Rs 1,00,000. rate of interest = 10% compounded half yearly. Find interest for next 6 months.
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.
