Advertisements
Advertisements
प्रश्न
Find the amount of Rs 12500 for 2 years compounded annually, the rate of interest being 15% for the first year and 16% for the second year.
Advertisements
उत्तर
Given:
P = Rs 12, 500
R_1 = 15 % p. a.
R_2 = 16 % p. a.
∴ Amount after two years =P\[\left( 1 + \frac{R_1}{100} \right)\left( 1 + \frac{R_2}{100} \right)\]
= Rs \[12, 500\left( 1 + \frac{15}{100} \right)\left( 1 + \frac{16}{100} \right)\]
= Rs \[12, 500\left( 1.15 \right)\left( 1.16 \right)\]
= Rs 16, 675
Thus, the required amount is Rs 16, 675.
APPEARS IN
संबंधित प्रश्न
Arif took a loan of Rs 80,000 from a bank. If the rate of interest is 10% per annum, find the difference in amounts he would be paying after `1 1/2` years if the interest is
(1) Compounded annually
(2) Compounded half yearly
Find the compound interest when principal = Rs 3000, rate = 5% per annum and time = 2 years.
What will be the compound interest on Rs 4000 in two years when rate of interest is 5% per annum?
Swati took a loan of Rs 16000 against her insurance policy at the rate of \[12\frac{1}{2} %\] per annum. Calculate the total compound interest payable by Swati after 3 years.
Surabhi borrowed a sum of Rs 12000 from a finance company to purchase a refrigerator. If the rate of interest is 5% per annum compounded annually, calculate the compound interest that Surabhi has to pay to the company after 3 years.
Find the principal if the interest compounded annually at the rate of 10% for two years is Rs 210.
Find the rate at which a sum of money will become four times the original amount in 2 years, if the interest is compounded half-yearly.
Ashima took a loan of Rs 1,00,000 at 12% p.a. compounded half-yearly. She paid Rs 1,12,360. If (1.06)2 is equal to 1.1236, then the period for which she took the loan is ______.
Amount when interest is compounded annually is given by the formula ______.
The compound interest on a sum of Rs P for T years at R% per annum compounded annually is given by the formula `P(1 + R/100)`.
