हिंदी

Rohit Borrows Rs. 86,000 from Arun for Two Years at 5% per Annum Simple Interest. He Immediately Lends Out this Money to Akshay at 5% Compound Interest Compounded Annually for the Same Period. Calculate Rohit’S Profit in the Transaction at the End of Two Years.

Advertisements
Advertisements

प्रश्न

Rohit borrows Rs. 86,000 from Arun for two years at 5% per annum simple interest. He immediately lends out this money to Akshay at 5% compound interest compounded annually for the same period. Calculate Rohit’s profit in the transaction at the end of two years.

Advertisements

उत्तर

Given, P = Rs. 86000

R = 5%

T = 2 years

S.I = `(P xx R xx T)/100  = (86000xx5xx2)/100 = Rs 8600`

`C.I = P[(1 + r/100)^2 - 1] = 86000[(1 + 5/100)^2 - 1] = 86000 41/(20xx20) = Rs 8815`

Rohit’s profit = Rs. (8815 – 8600) = Rs. 215

shaalaa.com
Concept of Compound Interest - Compound Interest as a Repeated Simple Interest Computation with a Growing Principal
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
2009-2010 (March)

APPEARS IN

संबंधित प्रश्न

If a, b, c are in continued proportion, prove that (a + b + c) (a – b + c) = a2 + b2 + c2


At what rate % p.a. will a sum of Rs. 4000 yield Rs. 1324 as compound interest in 3 years?


Calculate the amount and the compound interest for the following:

Rs.25, 000 at `8 2/5 %` p.a. in `1 1/3` years


A sum of Rs. 65000 is invested for 3 years at 8 % p.a. compound interest.

Find the sum due at the end of the second year.


Harijyot deposited Rs 27500 in a deposite scheme paying 12 % p.a. compound interest . If the duration of the deposite is 3 years , calculate :

The compound inrerest received by him.


Rs.16,000 is invested at 5% compound interest compounded per annum. Use the table, given below, to find the amount in 4 years.

Year ↓ 

Initial amount  (Rs.)

Interest (Rs.)

Final amount (Rs.)

1st 16,000 800 16,800
2nd ........... ........... ...........
3rd ........... ........... ...........
4th ........... ........... ...........
5th ........... ........... ...........

Calculate the amount and the compound interest on:

Rs. 8,000 in `2 1/2` years at 15% per year.


Find the compound interest, correct to the nearest rupee, on Rs. 2,400 for `2 1/2` years at 5 per cent per annum.


How much will Rs. 50,000 amount to in 3 years, compounded yearly, if the rates for the successive years are 6%, 8% and 10% respectively?


A manufacturer estimates that his machine depreciates by 15% of its value at the beginning of the year. Find the original value (cost) of the machine, if it depreciates by Rs. 5,355 during the second year.


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×