Advertisements
Advertisements
प्रश्न
Ramesh deposited Rs 7500 in a bank which pays him 12% interest per annum compounded quarterly. What is the amount which he receives after 9 months.
Advertisements
उत्तर
Given:
P = Rs 7, 500
R = 12 % p . a . = 3 % quarterly
T = 9 months = 3 quarters
We know that:
\[A = P \left( 1 + \frac{R}{100} \right)^n \]
\[A = 7, 500 \left( 1 + \frac{3}{100} \right)^3 \]
\[ = 7, 500 \left( 1 . 03 \right)^3 \]
= 8, 195 . 45
Thus, the required amount is Rs 8, 195 . 45.
APPEARS IN
संबंधित प्रश्न
Maria invested Rs 8,000 in a business. She would be paid interest at 5% per annum compounded annually. Find.
1) The amount credited against her name at the end of the second year
2) The interest for the 3rd year.
What will be the compound interest on Rs 4000 in two years when rate of interest is 5% per annum?
Rohit deposited Rs 8000 with a finance company for 3 years at an interest of 15% per annum. What is the compound interest that Rohit gets after 3 years?
Meera borrowed a sum of Rs 1000 from Sita for two years. If the rate of interest is 10% compounded annually, find the amount that Meera has to pay back.
Kamal borrowed Rs 57600 from LIC against her policy at \[12\frac{1}{2} \%\] per annum to build a house. Find the amount that she pays to the LIC after \[1\frac{1}{2}\] years if the interest is calculated half-yearly.
Abha purchased a house from Avas Parishad on credit. If the cost of the house is Rs 64000 and the rate of interest is 5% per annum compounded half-yearly, find the interest paid by Abha after one year and a half.
Rakesh lent out Rs 10000 for 2 years at 20% per annum, compounded annually. How much more he could earn if the interest be compounded half-yearly?
Ramu borrowed Rs 15625 from a finance company to buy a scooter. If the rate of interest be 16% per annum compounded annually, what payment will he have to make after \[2\frac{1}{4}\] years?
Find the principal if the interest compounded annually at the rate of 10% for two years is Rs 210.
The compound interest on a sum of Rs P for T years at R% per annum compounded annually is given by the formula `P(1 + R/100)`.
