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प्रश्न
Compound interest is the interest calculated on the previous year’s amount.
पर्याय
True
False
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उत्तर
This statement is True.
Explanation:
Compound interest, CI = A – P
Where, `A = P[1 + R/100]^n`
Here, P = Principal on previous year’s amount and A = Present year’s amount R = Rate of interest and n = Time
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संबंधित प्रश्न
Calculate the amount and compound interest on Rs 10800 for 3 years at `12 1/2` % per annum compounded annually.
Calculate the amount and compound interest on Rs 8000 for 1 year at 9% per annum compound half yearly. (You could use the year by year calculation using SI formula to verify)
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.
The present population of a town is 28000. If it increases at the rate of 5% per annum, what will be its population after 2 years?
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.
Find the sum, invested at 10% compounded annually, on which the interest for the third year exceeds the interest of the first year by Rs. 252.
Calculate the compound interest for the second year on Rs. 15000 invested for 5 years at 6% per annum.
Calculate the difference between the compound interest and the simple interest on ₹ 7,500 in two years and at 8% per annum.
If the present population of a city is P and it increases at the rate of r% p.a, then the population n years ago would be `"P"(1 + "r"/100)^"n"`
The compound interest on ₹ 16000 for 9 months at 20% p.a, compounded quarterly is ₹ 2522
