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Find the Amount and the Compound Interest on the Following : Rs.25000 for 2 Years at 6% per Annum Compounded Semi-annually. - Mathematics

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प्रश्न

Find the amount and the compound interest on the following :
Rs.25000 for 2 years at 6% per annum compounded semi-annually.

योग
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उत्तर

Rs.25000 for 2 years at 6% per annum compounded semi-annually.
Here P = Rs.25000, t = 2 years, r = 6%
Since interest is compounded semi-annually, so
Amount
= `"P"(1 + "r"/200)^(2"t")`

= `25000(1 + 6/200)^4`

= `25000(103/100)^4`
= 28137.72
Hence, Amount = Rs.28137.72
Also, C.I.
= A - P
= Rs.28137.72 - Rs.25000
= Rs.3137.72.

shaalaa.com
Concept of Compound Interest - When the Interest is Compounded Half Yearly
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 3: Compound Interest - Exercise 3.2

APPEARS IN

फ्रैंक Mathematics [English] Class 9 ICSE
अध्याय 3 Compound Interest
Exercise 3.2 | Q 1.4

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