Question
Krishna lends ₹48000 to Neelam for a year at 25%
interest per annum, compounded half yearly. Find the interest that must be paid by Neelam.Solution
According to the question A = P (1 + (r/2)/100)2t = 48000(1 + 25/(2x100))2 = 48000(1 + 12.5/100)2 = 48000(1 + 125/1000)2 = 48000(1 + 1/8)2 = 48000(9/8)2 = (48000 x 81/64) = (750 x 81) A = Rs. 60750 Now, The interest must be paid by Neelam = Rs. (60750 - 48000) = Rs. 12750 The interest that must be paid by Neelam is Rs.12750
Rs. (3y + 600) is invested at 40% p.a. compound interest, compounded annually for 2 years, and earns an interest of Rs. (4y - 1200). Determine the value...
Investing Rs. (4z + 400) at 20% p.a. compound interest for 3 years yields an interest of Rs. (5z - 800). Find the value of ‘z’.(Can calculate approx...
A person invests ₹80,000 in a mutual fund. The investment grows at a rate of 8% per annum, compounded annually. After 3 years, he decides to withdraw ...
The difference between CI (annual) and SI on a certain amount at 15% p.a. for 2 years is Rs. 450. Determine the amount.
Raj invests a certain amount, which grows to Rs. 7,200 at the end of 2 years and further increases to Rs. 8,640 at the end of 3 y...
The compound interest on Rs. 30,000 at 7%per annum for n years is Rs. 4347. The value of n is
A sum of money is invested at a rate of 12% per annum compound interest for 2 years. If the total amount after 2 years is ₹11,520, what is the princip...
Avantika gets a SI of Rs.4800 on a certain principal at the rate of 6%p.a. in 4 years. What CI will she get on twice the principal in two years at the ...
A sum of ₹10000 is invested at compound interest for 2 years. If the interest rate is 5% per annum, what is the total amount after 2 years?
