Advertisements
Advertisements
Question
If amount on the principal of Rs 6,000 is written as `6000 [1 + 5/100]^3` and compound interest payable half yearly, then rate of interest p.a. is ______ and time in years is ______.
Advertisements
Solution
If amount on the principal of Rs 6,000 is written as `6000 [1 + 5/100]^3` and compound interest payable half yearly, then rate of interest p.a. is 10% and time in years is `underlinebb(1 1/2 years)`.
APPEARS IN
RELATED QUESTIONS
Find the amount and the compound interest on Rs 10,000 for `1 1/2` years at 10% per annum, compounded half yearly. Would this interest be more than the interest he would get if it was compounded annually?
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.
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.
Find the compound interest on Rs 64000 for 1 year at the rate of 10% per annum compounded quarterly.
Find the amount of Rs 2400 after 3 years, when the interest is compounded annually at the rate of 20% per annum.
Amit borrowed Rs 16000 at \[17\frac{1}{2} \%\] per annum simple interest. On the same day, he lent it to Ashu at the same rate but compounded annually. What does he gain at the end of 2 years?
Find the amount of Rs 12500 for 2 years compounded annually, the rate of interest being 15% for the first year and 16% for the second year.
In what time will Rs 4400 become Rs 4576 at 8% per annum interest compounded half-yearly?
A certain sum amounts to Rs 5832 in 2 years at 8% compounded interest. Find the sum.
If principal = Rs 1,00,000. rate of interest = 10% compounded half-yearly. Find amount after one year.
