Advertisements
Advertisements
प्रश्न
Meera borrowed a sum of Rs 1000 from Sita for two years. If the rate of interest is 10% compounded annually, find the amount that Meera has to pay back.
Advertisements
उत्तर
P = Rs 1, 000
R = 10 % p . a .
n = 2 years
We know that amount A at the end of n years at the rate R % per annum when the interest is
compounded annually is given by A = P \[\left( 1 + \frac{R}{100} \right) . \]
\[ \therefore A = 1, 000 \left( 1 + \frac{10}{100} \right)^2 \]
\[ = 1, 000 \left( 1 . 1 \right)^2 \]
\[ = 1, 210\]
Thus, the required amount is Rs 1, 210.
APPEARS IN
संबंधित प्रश्न
Fabina borrows Rs 12,500 at 12% per annum for 3 years at simple interest and Radha borrows the same amount for the same time period at 10% per annum, compounded annually. Who pays more interest and by how much?
Find the amount and the compound interest on Rs 10,000 for `1 1/2` years at 10% per annum, compounded half yearly. Would this interest be more than the interest he would get if it was compounded annually?
Find the compound interest on Rs 8000 for 9 months at 20% per annum compounded quarterly.
Find the amount of Rs 2400 after 3 years, when the interest is compounded annually at the rate of 20% per annum.
Find the amount and the compound interest on Rs 8000 for \[1\frac{1}{2}\] years at 10% per annum, compounded half-yearly.
Rakesh lent out Rs 10000 for 2 years at 20% per annum, compounded annually. How much more he could earn if the interest be compounded half-yearly?
Romesh borrowed a sum of Rs 245760 at 12.5% per annum, compounded annually. On the same day, he lent out his money to Ramu at the same rate of interest, but compounded semi-annually. Find his gain after 2 years
Find the amount that David would receive if he invests Rs 8192 for 18 months at \[12\frac{1}{2} \%\] per annum, the interest being compounded half-yearly.
On what sum will the compound interest at 5% per annum for 2 years compounded annually be Rs 164?
If amount on the principal of Rs 6,000 is written as `6000 [1 + 5/100]^3` and compound interest payable half yearly, then rate of interest p.a. is ______ and time in years is ______.
