Advertisements
Advertisements
प्रश्न
The compound interest on Rs 8,000 for one year at 16% p.a. compounded half yearly is ______, given that (1.08)2 = 1.1664.
Advertisements
उत्तर
The compound interest on Rs 8,000 for one year at 16% p.a. compounded half yearly is 9331.2, given that (1.08)2 = 1.1664.
Explanation:
Given, principal (P) = Rs. 8000
Time period (T) = 1 yr
Rate (R) = 16% per annum compounded half-yearly
= 0.16
Amount = `P(1 + r/n)^(nt)`
n = 2(compounded half-yearly in a year)
A = `8000(1 + 0.16/2)^(2 xx 1)`
= 8000 (1 + 0.08)2
= 8000 (1.08)2
A = 8000 × 1.1664
A = 9331.2
APPEARS IN
संबंधित प्रश्न
Kamala borrowed Rs 26400 from a Bank to buy a scooter at a rate of 15% p.a. compounded yearly. What amount will she pay at the end of 2 years and 4 months to clear the loan?
(Hint: Find A for 2 years with interest is compounded yearly and then find SI on the 2nd year amount for `4/12` years.)
I borrowed Rs 12000 from Jamshed at 6% per annum simple interest for 2 years. Had I borrowed this sum at 6% per annum compound interest, what extra amount would I have to pay?
Find the compound interest on Rs 1000 at the rate of 8% per annum for \[1\frac{1}{2}\] years when interest is compounded half-yearly.
Ramesh deposited Rs 7500 in a bank which pays him 12% interest per annum compounded quarterly. What is the amount which he receives after 9 months.
Find the amount of Rs 4096 for 18 months at
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.
At what rate percent compound interest per annum will Rs 640 amount to Rs 774.40 in 2 years?
Find the rate percent per annum if Rs 2000 amount to Rs 2662 in \[1\frac{1}{2}\] years, interest being 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 ______.
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 ______.
