Advertisements
Advertisements
प्रश्न
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)`.
विकल्प
True
False
Advertisements
उत्तर
This statement is False.
Explanation:
The compound interest on a sum of ₹ P for T years at R% per annum compounded annually is given by the formula,
Compound interest = A – P
Where, `A = P(1 + R/100)^T`
APPEARS IN
संबंधित प्रश्न
I borrowed Rs 12000 from Jamshed at 6% per annum simple interest for 2 years. Had I borrowed this sum at 6% per annum compound interest, what extra amount would I have to pay?
Find the amount of Rs 2400 after 3 years, when the interest is compounded annually at the rate of 20% per annum.
Rahman lent Rs 16000 to Rasheed at the rate of \[12\frac{1}{2} %\] per annum compound interest. Find the amount payable by Rasheed to Rahman after 3 years.
Find the amount and the compound interest on Rs 8000 for \[1\frac{1}{2}\] years at 10% per annum, compounded half-yearly.
Find the compound interest on Rs 15625 for 9 months, at 16% per annum, compounded quarterly.
On what sum will the compound interest at 5% per annum for 2 years compounded annually be Rs 164?
Find the principal if the interest compounded annually at the rate of 10% for two years is Rs 210.
A certain sum amounts to Rs 5832 in 2 years at 8% compounded interest. Find the sum.
For calculation of interest compounded half yearly, keeping the principal same, which one of the following is true?
If principal = Rs 1,00,000. rate of interest = 10% compounded half yearly. Find interest for next 6 months.
