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Compute the Amount and the Compound Interest In the Following by Using the Formulae When: Principal = Rs 160000, Rate = 10 Paise per Rupee per Annum Compounded Half-yearly, Time = 2 Years. - Mathematics

Sum

Compute the amount and the compound interest in  the following by using the formulae when:
Principal = Rs 160000, Rate = 10 paise per rupee per annum compounded half-yearly, Time = 2 years.

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Solution

\[\text{ Applying the rule A = P }\left( 1 + \frac{R}{100} \right)^n \text{ on the given situations, we get: }\]
\[A = 16, 000 \left( 1 + \frac{10}{200} \right)^4 \]
\[ = 16, 000 \left( 1 . 05 \right)^4 \]
 = Rs 19, 448 . 1
Now, 
CI = A - P
 = Rs 19, 448 . 1 - Rs 16, 000
 = Rs 3, 448 . 1

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APPEARS IN

RD Sharma Class 8 Maths
Chapter 14 Compound Interest
Exercise 14.2 | Q 1.7 | Page 14
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