Advertisements
Advertisements
प्रश्न
If the compound interest is calculated quarterly, the amount is found using the formula __________
Advertisements
उत्तर
A = `"P"(1 + "r"/400)^(4"n")`
Explanation;
Hint:
Quarterly means 4 times in a year.
∴ The formula for compound interest is
A = `"P"(1 + "r"/400)^(4"n")`
APPEARS IN
संबंधित प्रश्न
Calculate the amount and compound interest on Rs 18000 for `2 1/2` years at 10% per annum compounded annually.
Simple interest on a sum of money for 2 years at \[6\frac{1}{2} %\] per annum is Rs 5200. What will be the compound interest on the sum at the same rate for the same period?
Kamala borrowed from Ratan a certain sum at a certain rate for two years simple interest. She lent this sum at the same rate to Hari for two years compound interest. At the end of two years she received Rs 210 as compound interest, but paid Rs 200 only as simple interest. Find the sum and the rate of interest.
On a certain sum of money, invested at the rate of 10 percent per annum compounded annually, the interest for the first year plus the interest for the third year is Rs. 2,652. Find the sum.
On a certain sum of money, lent out at C.I., interests for first, second and third years are Rs. 1,500; Rs. 1,725 and Rs. 2,070 respectively. Find the rate of interest for the (i) second year (ii) third year.
Mohan borrowed Rs. 16,000 for 3 years at 5% per annum compound interest. Calculate the amount that Mohan will pay at the end of 3 years.
Calculate the difference between the compound interest and the simple interest on ₹ 7,500 in two years and at 8% per annum.
The difference between C.I. payable annually and S.I. on Rs.50,000 for two years is Rs.125 at the same rate of interest per annum. Find the rate of interest.
If the present population of a city is P and it increases at the rate of r% p.a, then the population n years ago would be `"P"(1 + "r"/100)^"n"`
Find the rate of compound interest at which a principal becomes 1.69 times itself in 2 years
