Advertisements
Advertisements
Question
Find the amount which Ram will get on Rs 4,096, he gave it for 18 months at `12 1/2` %per annum, interest being compounded half yearly.
Advertisements
Solution
P = Rs 4,096
R = `12 1/2` % per annum = `25/4` % per half year
n = 18 months
There will be 3 half years in 18 months.
Therefore,
A = Rs`[4096(1 + 25/400)^3] = Rs[4096(1 + 1/16)^3]`
= Rs `(4096xx 17/16 xx 17/16 xx 17/16)` = Rs 4913
Thus, the required amount is Rs 4,913.
APPEARS IN
RELATED QUESTIONS
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?
Swati took a loan of Rs 16000 against her insurance policy at the rate of \[12\frac{1}{2} %\] per annum. Calculate the total compound interest payable by Swati after 3 years.
Daljit received a sum of Rs. 40000 as a loan from a finance company. If the rate of interest is 7% per annum compounded annually, calculate the compound interest that Daljit pays after 2 years.
Find the amount of Rs 2400 after 3 years, when the interest is compounded annually at the rate of 20% per annum.
Find the amount of Rs 4096 for 18 months at
On what sum will the compound interest at 5% per annum for 2 years compounded annually be Rs 164?
A sum amounts to Rs 756.25 at 10% per annum in 2 years, compounded annually. Find the sum.
Sum of money amounts to Rs 453690 in 2 years at 6.5% per annum compounded annually. Find the sum.
Amount when interest is compounded annually is given by the formula ______.
If principal = Rs 1,00,000, rate of interest = 10% compounded half yearly. Find
- Interest for 6 months.
- Amount after 6 months.
- Interest for next 6 months.
- Amount after one year.
