Advertisements
Advertisements
प्रश्न
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)`.
पर्याय
True
False
Advertisements
उत्तर
This statement is False.
Explanation:
The compound interest on a sum of ₹ P for T years at R% per annum compounded annually is given by the formula,
Compound interest = A – P
Where, `A = P(1 + R/100)^T`
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?
Roma borrowed Rs 64000 from a bank for \[1\frac{1}{2}\] years at the rate of 10% per annum. Compute the total compound interest payable by Roma after \[1\frac{1}{2}\] years, if the interest is compounded half-yearly.
Abha purchased a house from Avas Parishad on credit. If the cost of the house is Rs 64000 and the rate of interest is 5% per annum compounded half-yearly, find the interest paid by Abha after one year and a half.
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?
Find the compound interest on Rs 15625 for 9 months, at 16% per annum, compounded quarterly.
Find the principal if the interest compounded annually at the rate of 10% for two years is Rs 210.
A sum amounts to Rs 756.25 at 10% per annum in 2 years, compounded annually. Find the sum.
What sum will amount to Rs 4913 in 18 months, if the rate of interest is \[12\frac{1}{2} \%\] per annum, compounded half-yearly?
At what rate percent compound interest per annum will Rs 640 amount to Rs 774.40 in 2 years?
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.
