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
Choose the most appropriate option.
The difference between simple interest and compound interest at the same rate for rupees 5,000 for two years is rupees 98. The rate of interest is:
If ₹80 amounts to ₹140 in 4 years, what will ₹96 amount to in 10 years at the same rate of interest per annum?
The difference between the simple interest and the compound interest (compounded annually) on ₹2000 for 2 yr at 8% per annum will be
What would be the compound interest on Rs 4200 for 18 months at 10% per annum compounded half-yearly?
In how many years Rs. 1,00,000 will become Rs. 1,33,100 at a compound interest rate of 10% per annum?
A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at `6 1/4`% p.a for 2 years. Find his gain in the transaction per year.
In how much time (in years) will ₹7200 amount to Rs. 8928 at simple interest at the rate of 8% per annum?
A sum of money at simple interest trebles itself in 15 years. It will become 5 times of itself in
A sum of money becomes 1,331 times in 3 years as compound interest. The rate of interest is-
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.?
