Advertisements
Advertisements
प्रश्न
The difference between Simple Interest and Compound Interest on Rs. 500 for 1 year at 10% per annum, reckoned half-yearly is
विकल्प
Rs. 1
Rs. 1.25
Rs. 1.5
Rs. 2
Advertisements
उत्तर
Rs. 1.25
Explanation:
As interest is compounded half-yearly.
∴ rate`=10/2` = 5% half-yearly
time = 1 year = 2 half-yearly
Compound interest`=500xx[(1+5/100)^2-1]`
and simple interest`=(500xx5xx2)/100`
Difference`=500xx[(1+5/100)^2-1]-(500 xx5xx2 ) /100`
`=500xx25/(100xx100)=5/4=₨. 1.25`
APPEARS IN
संबंधित प्रश्न
A person takes a loan of ₹200 at 5% simple interest. He returns ₹100 at the end of 1 yr. In order to clear his dues at the end of 2 yr, he would pay
What is the difference between the compound interest and simple interest accrued on an amount of ₹12000 at the end of 3 years at the rate of 12%?
The least number of complete years in which a sum of money put out at 20% compound interest will be more than double is
Albert invested an amount of ₹ 8000 in a fixed deposit scheme for 2 years at a compound interest rate of 5% per annum. How much amount will Albert get on the maturity of the fixed deposit?
What would be the simple interest at the rate of `9 1/2%` per annum on Rs. 6000 for `2 1/2` years?
A person borrows 10000 for 2 years at 4% p a simple interest he immediately lends it to another person at 6.5 % p. a. for 2 years. Find his total gain in the transaction.
The compound interest on Rs. 30000 at 7% p.a. is Rs. 4347. What is the period in years?
What will be the compound interest on a sum of ₹22,500 at the rate of 16% per annum for 1 year, when interest is compounded half yearly?
In how much time (in years) will ₹7200 amount to Rs. 8928 at simple interest at the rate of 8% per annum?
The simple interest accrued in 2 years on a principal of ₹24000 is one-eighth of the principal. What is the rate of simple interest p.c.p.a.?
