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Find the Amount and Compound Interest on Rs.7500 for 1 1 2 Years at 8%, Payable Semi-annually. - Mathematics

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प्रश्न

Find the amount and compound interest on Rs.7500 for 1`(1)/(2)` years at 8%, payable semi-annually.

योग
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उत्तर

Here P1 =  Rs.7500 and rate of interest for half year (r) = 4%
So, Amount after `(1)/(2)` year 
= `"P"(1 + "r"/100)`

= `7500(1 + 4/100)`

= `7500 xx (104)/(100)` = 7800
Thus, P2 = Rs.7800 and r = 4%
Amount after 1 year
= `"P"(1 + "r"/100)`

= `7800(1 + 4/100)`

= `7800 xx (104)/(100)` = 8112
Thus, P3 = Rs.8112 and r = 4%
Amount after 1`(1)/(2)` year
= `"P"(1 + "r"/100)`

= `8112(1 + 4/100)`

= `8112 xx (104)/(100)` = 8436.48
Hence, Amount = Rs.8436.48
Also, C.I.
= A - P
= Rs.8436.48 - Rs.7500
= Rs.936.48.

shaalaa.com
Concept of Compound Interest - When the Time is Not an Exact Number of Years and the Interest is Compounded Yearly
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 3: Compound Interest - Exercise 3.1

APPEARS IN

फ्रैंक Mathematics [English] Class 9 ICSE
अध्याय 3 Compound Interest
Exercise 3.1 | Q 6

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