Advertisements
Advertisements
प्रश्न
Find the compound interest on Rs 160000 for one year at the rate of 20% per annum, if the interest is compounded quarterly.
Advertisements
उत्तर
Given details are,
Principal (p) = Rs = 160000
Rate(r) = 20% = 20/4 = 5% (for quarter year)
Time = 1 year = 1 x 4 = 4 quarters
By using the formula,
A = P (1 + R/100)n
= 160000 (1 + 5/100)4
= 160000 (105/100)4
= Rs 194481
∴ Compound Interest = A − P = Rs 194481 − Rs 160000 = Rs 34481
APPEARS IN
संबंधित प्रश्न
The population of a place increased to 54,000 in 2003 at a rate of 5% per annum. what would be its population in 2005?
A scooter was bought at Rs 42,000. Its value depreciated at the rate of 8% per annum. Find its value after one year.
At what rate percent will a sum of Rs 1000 amount to Rs 1102.50 in 2 years at compound interest?
The present population of a town is 25000. It grows at 4%, 5% and 8% during first year, second year and third year respectively. Find its population after 3 years.
Three years ago, the population of a town was 50000. If the annual increase during three successive years be at the rate of 4%, 5% and 3% respectively, find the present population.
Mohan purchased a house for Rs 30000 and its value is depreciating at the rate of 25% per year. Find the value of the house after 3 years.
To start a business, Shalaka has taken a loan of ₹8000 at a rate of 10 `1/2` p.c.p.a. After two years, how much compound interest will she have to pay?
A shepherd has 200 sheep with him. Find the number of sheep with him after 3 years if the increase in the number of sheep is 8% every year.
In a forest there are 40,000 trees. Find the expected number of trees after 3 years if the objective is to increase the number at the rate 5% per year.
Find the compound interest if the amount of a certain principal after two years is ₹ 4036.80 at the rate of 16 p.c.p.a.
