Advertisements
Advertisements
प्रश्न
Compound interest is the interest calculated on the previous year’s amount.
विकल्प
True
False
Advertisements
उत्तर
This statement is True.
Explanation:
Compound interest, CI = A – P
Where, `A = P[1 + R/100]^n`
Here, P = Principal on previous year’s amount and A = Present year’s amount R = Rate of interest and n = Time
APPEARS IN
संबंधित प्रश्न
Calculate the amount and compound interest on Rs 10000 for 1 year at 8% per annum compounded half yearly.
Find the difference between the compound interest and simple interest. On a sum of Rs 50,000 at 10% per annum for 2 years.
What will Rs 125000 amount to at the rate of 6%, if the interest is calculated after every 3 months?
The compound interest on ₹ 8000 at 10% p.a for 1 year, compounded half yearly is ____________
If the compound interest is calculated quarterly, the amount is found using the formula __________
Find the compound interest for `2 1/2` years on ₹ 4000 at 10% p.a, if the interest is compounded yearly
In how many years will ₹ 3375 become ₹ 4096 at `13 1/3` p.a if the interest is compounded half-yearly?
Suppose a certain sum doubles in 2 years at r % rate of simple interest per annum or at R% rate of interest per annum compounded annually. We have ______.
The compound interest on Rs 50,000 at 4% per annum for 2 years compounded annually is ______.
