Advertisements
Advertisements
Question
What sum of money will amount to Rs 15,746.40 at 16% p.a. compounded half-yearly?
Advertisements
Solution
P =? ; A= Rs 15,746.40 ; t = `1/2` years ; r = 16 %
`"A" = "P" (1 + "r"/100)^"n"`
Rs 15746.40 = P `(1 + 16/100)^(1/2)`
Rs1 5,746.40 - P `(1 + 1/2 xx 16/100)`
Rs 15,746.40 = P x 1.08
P = Rs `15746.40/1.08`
P = Rs 14,580
Hence, the sum of money will be Rs 14,580
RELATED QUESTIONS
What sum of money will amount to Rs 16,637.50 in 3 years at 10 % p.a. compound interest?
What sum of money will amount to Rs 7,128 in 2 years at compound interest, if the rates of interest are 8% and 10% for successive years?
What sum of money will amount to Rs 3,326.40 in 3 years at compound interest, if the rates of interest are 8%, 10% and 12% for the successive years?
What sum of money will amount to Rs 13,675.20 in 3 years at compound interest, if the rates of interest are 10%, 11% and 12% for the successive years?
The interests on two successive years for a sum invested at compound interest compounded annually are Rs 840 and Rs 940.80. Calculate the rate of interest and the sum invested.
Calculate the amount and the compound interest for the following:
Rs 12,500 for 3 years if the rates for the successive years are 8%, 9% and 10% respectively.
What sum of money will amount to Rs 8,073 in 2 years at compound interest if the rates of interest for the successive years are 15% and 17%?
What sum of money will amount to Rs 10,256.40 in 3 years at compound interest if the rates of interest for the successive years are 10%, 11% and 12%?
On what sum of money will the compound interest for 2 years at 8% per annum amount to Rs 1399.68?
A sum of money placed at compound interest compounded annually amounts to Rs 26,460 in 2 years and to Rs 29,172.15 in 4 years. Calculate the rate of interest and the sum.
