Advertisements
Advertisements
Question
Compute the amount and the compound interest in the following by using the formulae when:
Principal = Rs 3000, Rate = 5%, Time = 2 years
Advertisements
Solution
\[\text{ Applying the rule A = P }\left( 1 + \frac{R}{100} \right)^n \text{ on the given situations, we get: }\]
\[A = 3, 000 \left( 1 + \frac{5}{100} \right)^2 \]
\[ = 3, 000 \left( 1 . 05 \right)^2 \]
= Rs 3, 307 . 50
Now,
CI = A - P
= Rs 3, 307 . 50 - Rs 3, 000
= Rs 307 . 50
RELATED QUESTIONS
Compute the amount and the compound interest in the following by using the formulae when:
Principal = Rs 10000, Rate 20% per annum compounded half-yearly, Time = 2 years
The present population of a town is 25000. It grows at 4%, 5% and 8% during first year, second year and third year respectively. Find its population after 3 years.
Three years ago, the population of a town was 50000. If the annual increase during three successive years be at the rate of 4%, 5% and 3% respectively, find the present population.
There is a continuous growth in population of a village at the rate of 5% per annum. If its present population is 9261, what it was 3 years ago?
Jitendra set up a factory by investing Rs 2500000. During the first two successive years his profits were 5% and 10% respectively. If each year the profit was on previous year's capital, compute his total profit.
Pritam bought a plot of land for Rs 640000. Its value is increasing by 5% of its previous value after every six months. What will be the value of the plot after 2 years?
The value of a refrigerator which was purchased 2 years ago, depreciates at 12% per annum. If its present value is Rs 9680, for how much was it purchased?
To start a business, Shalaka has taken a loan of ₹8000 at a rate of 10 `1/2` p.c.p.a. After two years, how much compound interest will she have to pay?
Find the compound interest if the amount of a certain principal after two years is ₹ 4036.80 at the rate of 16 p.c.p.a.
The population of a suburb is 16000. Find the rate of increase in the population if the population after two years is 17640.
