Question
Calculate the compound interest earned on Rs. 18,000 when
it is invested at 10% per annum, compounded semi-annually for 1 year.Solution
ATQ,
Effective rate = 10/2 = 5%
Effective time = 2 terms, where each term is 6 months
So, total amount after 1 year = 18000 × {1 + (5/100)}² = 18000 × (1.05)² =
18000 × 1.1025 = Rs. 19,845
Compound interest after 1 year = 19845 – 18000 = Rs. 1,845
A person invests a sum of money in a bank at a certain rate of interest. The interest earned at the end of the second and third y...
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
44.78% of 715.62 + 1785% of 42.98 = ?
What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)...
(?)2 + 5.113 = 26.92 – 28.03Â
? = (6.1 × 64.93 ÷ 12.86) 1.97 – 49.98% of 359.77
Find the approximate value of Question mark(?). No need to find the exact value.
(34.95 × 7.03) ÷ 5 + 27.98% of 249.88 – √(80.81) = ?
...480.11 ÷ 15.98 × 5.14 – 134.9 = √?Â
`(sqrt(960.87)xx9.932+sqrt(629.998)xx26.385)/(sqrt(1028.902)xx4.977)=?`
? = 540.24 + 1022.97 – 11.992 Â
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