Advertisements
Advertisements
प्रश्न
The compound interest on Rs 50,000 at 4% per annum for 2 years compounded annually is ______.
विकल्प
Rs 4,000
Rs 4,080
Rs 4,280
Rs 4,050
Advertisements
उत्तर
The compound interest on Rs 50,000 at 4% per annum for 2 years compounded annually is Rs 4,080.
Explanation:
Given, principal (P) = Rs. 50000
Rate of interest (R%) = 4% per annum
Time period (T) = 2 years
We know that,
`A = P(1 + R/100)^T`
∴ `A = 50000(1 + 4/100)^2`
= `50000(1 + 1/25)^2`
= `50000 xx 26/25 xx 26/25`
= 80 × 26 × 26
= Rs 54080
∴ Compound interest, CI = A – P
= Rs 54080 – Rs 50000
= Rs 4080
Hence, Rs 4,080
APPEARS IN
संबंधित प्रश्न
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?
Rachana borrowed a certain sum at the rate of 15% per annum. If she paid at the end of two years Rs 1290 as interest compounded annually, find the sum she borrowed.
Mohit invests Rs. 8,000 for 3 years at a certain rate of interest, compounded annually. At the end of one year it amounts to Rs. 9,440. Calculate:
- the rate of interest per annum.
- the amount at the end of the second year.
- the interest accrued in the third year.
Calculate the difference between the compound interest and the simple interest on ₹ 8,000 in three years and at 10% per annum.
Find the amount and the compound interest payable annually on the following :
Rs.25000 for 1`(1)/(2)` years at 10% per annum.
The simple interest on a certain sum of money at 4% p.a. for 2 years is Rs1500. What will be the compound interest on the same sum for the same time?
The simple interest on a certain sum for 3 years at 4% is Rs 600. Find the compound interest for the same sum at the same percent and in the same time.
The annual rate of growth in population of a town is 10%. If its present population is 26620, then the population 3 years ago was _________
To calculate the growth of a bacteria if the rate of growth is known, the formula for calculation of amount in compound interest can be used.
