Advertisements
Advertisements
प्रश्न
The time taken for ₹ 1000 to become ₹ 1331 at 20% p.a, compounded annually is 3 years
विकल्प
True
False
Advertisements
उत्तर
False
Explanation;
Hint:
Principal money = 1000
Rate of interest = 20%
Amount = 1331, applying in formula we get
A = `(1 + "r"/100)^"n"`
∴ 1331 = `1000(1 + 20/100)^"n"`
`1331/1000 = (1 + 1/5)^"n"`
`1331/1000 = (6/5)^"n"`
∴ n ≠ 3
APPEARS IN
संबंधित प्रश्न
In how much time would Rs 5000 amount to Rs 6655 at 10% per annum compound interest?
At what rate percent per annum will a sum of Rs 4000 yield compound interest of Rs 410 in 2 years?
A certain sum of money is put at compound interest, compounded half-yearly. If the interest for two successive half-years are Rs. 650 and Rs. 760.50; find the rate of interest.
A certain sum amounts to Rs. 5,292 in two years and Rs. 5,556.60 in three years, interest being compounded annually. Find : the rate of interest.
A certain sum amounts to Rs. 5,292 in two years and Rs. 5,556.60 in three years, interest being compounded annually. Find: the original sum.
Geeta borrowed Rs. 15,000 for 18 months at a certain rate of interest compounded semi-annually. If at the end of six months it amounted to Rs. 15,600; calculate :
(i) the rate of interest per annum.
(ii) the total amount of money that Geeta must pay at the end of 18 months in order to clear the account.
On a certain sum of money, invested at the rate of 10 percent per annum compounded annually, the interest for the first year plus the interest for the third year is Rs. 2,652. Find the sum.
Calculate the compound interest for the second year on Rs. 15000 invested for 5 years at 6% per annum.
If the compound interest is calculated quarterly, the amount is found using the formula __________
The difference between the C.I and S.I for 2 years for a principal of ₹ 5000 at the rate of interest 8% p.a is ___________
