Question
Find the amount (integral value only) if a sum of
₹6,500 is being borrowed at 10% interest per annum for 2 years if interest is compounded half-yearly.Solution
ATQ,From the given data, P = ₹6,500 r = 10% = 0.1 n = 2 (compounded half-yearly) Given the rate of interest per annum = 0.1 Interest rate per half year = 0.1/2 = 0.05 Using the formula, A = P(1 + i)(nt) = 6500(1 + 0.05)⁽²⁽²⁾⁾ = 6500(1.05)⁴ = ₹7166.25 Therefore, The total amount after 2 years is ₹7166.25
The first ever Industrial Policy Resolution of India was announced in the year _______.
According to the Accounting Standard-1, which of the following are the fundamental accounting assumptions?
Which of the following statements is/are correct?
I. Only marketed goods are considered while estimating Gross Domestic Product (GDP).
Which bank is Piyush Gupta set to step down from as CEO?
The Sahitya Akademi Bal Sahitya Puraskar 2025 (Hindi category) was awarded to whom for the work “Ek Batey Barah”?
Which was the first women's sport to be introduced in the Olympics?
After about 75 years of Harshavardhana's death ______ rose to power in Kanauj.
An AI-powered health insurance product “Elevate” is launched by which of the following insurers?
The Reserve Bank of India (RBI) has increased the threshold for bulk fixed deposits for Scheduled Commercial Banks and Small Finance Banks to ₹3 crore...
Who is the head of the EPFO Cadre Restructuring Committee?
Relevant for Exams:
