Advertisements
Advertisements
Question
Find the amount that David would receive if he invests Rs 8192 for 18 months at \[12\frac{1}{2} \%\] per annum, the interest being compounded half-yearly.
Advertisements
Solution
Given:
P = Rs 8, 192
R = 12 . 5 % p . a .
n = 1 . 5 years
When the interest is compounded half - yearly, we have:
\[A = P \left( 1 + \frac{R}{200} \right)^{2n} \]
= Rs \[8, 192 \left( 1 + \frac{12 . 5}{200} \right)^3 \]
= Rs \[ 8, 192 \left( 1 . 0625 \right)^3 \]
= Rs 9, 826
Thus, the required amount is Rs 9, 826.
RELATED QUESTIONS
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.)
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?
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
Rekha deposited Rs 16000 in a foreign bank which pays interest at the rate of 20% per annum compounded quarterly, find the interest received by Rekha after one year.
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?
What sum of money will amount to Rs 45582.25 at \[6\frac{3}{4} %\] per annum in two years, interest being compounded annually?
Find CI paid when a sum of Rs. 10,000 is invested for 1 year and 3 months at `8 1/2%` per annum compounded annually.
If principal = Rs 1,00,000. rate of interest = 10% compounded half-yearly. Find amount after one year.
