Question
What is the compound interest on a sum of ₹19,500
invested for 1(2/5) years at 10% p.a., interest compounded annually?Solution
Interest rate for 2/5 years = 10 × (2/5) = 4% Now, A = 19500(1 + 10/100)1 × (1 + 4/100)2/5 A = 19500(1 + 10/100) × (1 + 4/100) A = 19500(1 + 1/10) × (1 + 1/25) A = 19500(11/10) × (26/25) A = 22308 So, interest of the given years = 22308 - 19500 Rs. 2808
What will be the CI on a sum of Rs.50,000 after 3 years at the rate of 11%p.a?
...What will be the CI on a sum of Rs.80,000 after 3 years at the rate of 10%p.a?
The simple interest on a sum of money will be Rs. 800 after 10 years. If the principal is tripled after 5 years, what will be total interest at the end ...
Find the compound interest on Rs. 5000 at 12% per annum for 2 years, compounded annually.
A sum of money amounts to Rs. 12100 in 2 years and Rs. 13310 in 3 years at compound interest, compounded annually. What is the principal?
Find the compound interest on Rs 10,000 at 8% per annum, compounded half-yearly, for 1.5 years.
Raman invested Rs. 70,000 in a bank offering 10% compound interest per annum for 2 years. After 2 years, he used the total amount to start a business wi...
Soni gets a SI of Rs. 3360 on a certain principal at the rate of 7%p.a. in 3 years. What CI will she get on twice the principal in two years at the same...
The compound interest on a certain sum, compounded half-yearly at an annual rate of 20% for one year, is Rs. 540 less than the simple interest on the sa...
The difference of compound interest on Rs. 800 for 1 year at 20% per annum when interest is being compounded. Half-yearly and quarterly
Relevant for Exams:
