Advertisements
Advertisements
Question
When principal P is compounded semi-annually at r % per annum for t years, then amount ______.
Advertisements
Solution
When principal P is compounded semi-annually at r % per annum for t years, then amount `underlinebb(A = P(1 + r/200)^(2t))`.
Explanation:
When principal P is compounded semi-annually at r% per annum for t years.
i.e. Rate `r/2` and time = 2 × t
Then, amount = Principal `(1 + "Rate"/200)^(2 xx "Time")`
i.e. `A = P(1 + r/200)^(2t)`
APPEARS IN
RELATED QUESTIONS
What will be the compound interest on Rs 4000 in two years when rate of interest is 5% per annum?
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.
Meera borrowed a sum of Rs 1000 from Sita for two years. If the rate of interest is 10% compounded annually, find the amount that Meera has to pay back.
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.
Find the principal if the interest compounded annually at the rate of 10% for two years is Rs 210.
Find the rate percent per annum if Rs 2000 amount to Rs 2662 in \[1\frac{1}{2}\] years, interest being compounded half-yearly?
Find the rate at which a sum of money will become four times the original amount in 2 years, if the interest is compounded half-yearly.
A sum of money deposited at 2% per annum compounded annually becomes Rs 10404 at the end of 2 years. Find the sum deposited.
If principal = Rs 1,00,000. rate of interest = 10% compounded half yearly. Find amount after 6 months.
