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


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 amount received by him at the end of three years.


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.


Natasha gave Rs.6O,OOO to Nimish for 3 years at 15%,p.a. compound interest.
Calculate to the nearest rupee : 

The Compound Interest paid by Nimish


Calculate the amount and the compound interest on:

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


A borrowed Rs. 2,500 from B at 12% per annum compound interest. After 2 years, A gave Rs. 2,936 and a watch to B to clear the account. Find the cost of the watch.


Meenal lends Rs. 75,000 at C.I. for 3 years. If the rate of interest for the first two years is 15% per year and for the third year it is 16%, calculate the sum Meenal will get at the end of the third year.


A sum of money is lent at 8% per annum compound interest. If the interest for the second year exceeds that for the first year by Rs. 96, find the sum of money.


A man saves Rs. 3,000 every year and invests it at the end of the year at 10% compound interest. Calculate the total amount of his savings at the end of the third years.


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×