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Find the Amount and the Compound Interest on the Following : Rs.12000 for 1 1 2 Years at 5% per Annum Compounded Annually. - Mathematics

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प्रश्न

Find the amount and the compound interest on the following :
Rs.12000 for 1`(1)/(2)` years at 5% per annum compounded annually.

योग
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उत्तर

Rs.12000 for 1`(1)/(2)` years at 5% per annum compounded annually.
Here P = Rs.12000, t = 1`(1)/(2)` years, r = 5%
Now, Amount after 1 year
= `"P"(1 + "r"/100)^"t"`

= `12000(1 + 5/100)`

= `12000(105/100)`
= 12600
Now interest for the next half year
= `(12600 xx 5)/(100 xx 2)`
= 315
Hence, Amount 
= Rs.12600 + Rs.315
= Rs.12915
Also, C.I.
= A - P.
= Rs.12915 - Rs.12000
= Rs.915.

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 3.2

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फ्रैंक Mathematics [English] Class 9 ICSE
अध्याय 3 Compound Interest
Exercise 3.2 | Q 1.3

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