Advertisements
Advertisements
प्रश्न
Archana borrowed Rs 18,000 from Ritu at 12% p.a. compound interest. If at the end of the 1st, 2nd, and 3rd years, Archana returned Rs 5,250, Rs 5,875 and Rs 6,875 respectively, find the amount Archana has to pay Ritu at the end of the 4th year to clear her debt.
Advertisements
उत्तर
P = Rs. 18,000, R = 12 °/o p.a.
Interest for first year
`= ("Rs" 18000 xx 12 xx 1)/100`
= Rs 2,160
Amount due after 1" year
= Rs. 18,000 + Rs. 2, 160 = Rs 20,160
Amount paid after 1st year = Rs. 5,250
Balance amount = Rs. 20, 160 - Rs. 5,250 = Rs. 14,910
Interest for seoond year
`= ("Rs" 14910 xx 12 xx 1)/100`
= Rs 1789.20
Amount due after 2nd year
=Rs. 14,910 + Rs. 1,789.20
= Rs 16,699.20
Amount paid after 2nd year = Rs. 5,875
Balance amount = Rs. 16,699.20- Rs. 5,875 = Rs. 10,824.20
Interest for third year
`= ("Rs" 10824.20 xx 12 xx 1)/100`
= Rs 1,298.904
Amount due after 3rd year
= Rs. 10,824.20 + Rs. 1,298.904 = Rs 12, 123.10
Amount paid after 3rd year = Rs. 6,875
Balance amount = Rs. 12, 123.10- Rs. 6,875 = Rs. 5,248.104
Interest for fourth year
`= ("Rs" 5248.104 xx 12 xx 1)/100`
= Rs 629.7725
Amount due after 4th year =Rs. 5,248.104 +Rs. 629.7725 = Rs 5877 .876
=Rs 5877.87
Archana needs to pay Rs 5877 .87 to Ritu at the end of 4th year to clear
APPEARS IN
संबंधित प्रश्न
Calculate the amount and the compound interest for the following:
Rs.20, 000 at9°/o p.a. in `2 1/3` years
Harijyot deposited Rs 27500 in a deposite scheme paying 12 % p.a. compound interest . If the duration of the deposite is 3 years , calculate :
The compound inrerest received by him.
Harijyot deposited Rs 27500 in a deposite scheme paying 12 % p.a. compound interest . If the duration of the deposite is 3 years , calculate :
The amount received by him had he chosen tlle duration of the deposit to be 2 years.
Natasha gave Rs.6O,OOO to Nimish for 3 years at 15%,p.a. compound interest.
Calculate to the nearest rupee :
The Compound Interest paid by Nimish
Calculate the arnount and the cornpound interest for the following:
Rs 20,000 for 3 years at `7 1/2 %` for the first year, 8% for the second year and 10% for the third year.
Prakash borrowed Rs 10,000 from Rajesh for 2 years at 6% and 8% p.a. compound interest for successive years. If Prakash returns Rs 5,600 at the end of the first year, how much does he have to give to Rajesh at the end of the second year to clear the loan?
Neena's savings increases by Rs 1,000 every year. If she saves Rs 4,000 in the first year and invests it at 15% compound interest, find her total savings at the end of the third year.
Rs.16,000 is invested at 5% compound interest compounded per annum. Use the table, given below, to find the amount in 4 years.
| Year ↓ |
Initial amount (Rs.) |
Interest (Rs.) |
Final amount (Rs.) |
| 1st | 16,000 | 800 | 16,800 |
| 2nd | ........... | ........... | ........... |
| 3rd | ........... | ........... | ........... |
| 4th | ........... | ........... | ........... |
| 5th | ........... | ........... | ........... |
Calculate the compound interest for the second year on ₹ 8,000/- invested for 3 years at 10% per annum.
Govind borrows Rs 18,000 at 10% simple interest. He immediately invests the money borrowed at 10% compound interest compounded half-yearly. How much money does Govind gain in one year?
