Advertisements
Advertisements
Question
Calculate the amount and cornpound interest of the following, when cornpounded annually:
Rs 20,000 for 2 years at `12 1/2` % p.a.
Advertisements
Solution
Rs 20,000 for 2 years at `12 1/2` % p.a.
P=Rs 20,000 ; t = 2 years ; r = `12 1/2` p.a.
`"A" = "P" (1 + "r"/100)^"n"`
A= Rs 20, 000 `(1 + 25/(2 xx 100))^2`
= Rs 20, 000 x 1. 125 x 1. 125
= Rs 25,312.50
C.I. = A - P
= Rs (25,312.50- 20,000)
= Rs 5,312.50
Hence, Amount= Rs 25,312.50 and C.I. =Rs 5,312.50
RELATED QUESTIONS
Mr.Mohan invested Rs. 12500 at 16 % p.a. compounded annually. If the duration of the deposite was 1.5 years , find the amount Mr.Mohan received at the end of 1.5 years.
What sum of money will amount to Rs 3,326.40 in 3 years at compound interest, if the rates of interest are 8%, 10% and 12% for the successive years?
The simple interest on an amount for 2 years at 8% is Rs 320. Calculate the compound interest on the same amount at the same rate for 1 year if the interest is compounded half-yearly.
Calculate the amount and cornpound interest for the following, when cornpounded annually:
Rs 7 ,500 for `2 1/2` years ; r =16 % p.a.
Calculate the amount and the compound interest for the following, when cornpounded half-yearly:
Rs 25,000 for `1 1/2` years at 12 %
What sum of money will amount to Rs 8,073 in 2 years at compound interest if the rates of interest for the successive years are 15% and 17%?
Find the principal which will amount to Rs 22,344 in 2 years at compound interest if the rates of interest for the successive years are 12% and 14%?
What sum of money will amount to Rs 10,256.40 in 3 years at compound interest if the rates of interest for the successive years are 10%, 11% and 12%?
What sum of money will amount to Rs 18, 792 in `1 1/2` years at 16% p.a. compounded yearly?
On what sum of money will the compound interest for 2 years at 8% per annum amount to Rs 1399.68?
