Question
What will be the interest on Rs 4000 at the rate of 30%
per annum after 1 year when the interest is compounded every 4 months?Solution
Given - P= 4000, r= 30%, t = 1year=12months when the compound interest is every 4 months then r= 30 ×4/12=10% t= 12/4=3 so now A= P[1+r/100]ͭ A= 4000[1+10/100] ³ = 4000[11/10] ³ =4000[1331/1000] =4000×1331/1000 =5324 so now CI=A-P =5324-4000=1324 CI=1324
More Simple and compound interest Questions

If sin 2A = cos (3A - 60o) , then find the value of sec 2A.
- If 2 sin x = √3, then the value of x:
- Find the value of sin²33° + sin²57° + cos²48° + cos²42°.
If sec a + tan a = 5/2, find the value of sin a.
If 2 sec 3x = 4, then the value of x:
Find the maximum value of 22 sin A + 16 cos A.
- If cos A = √3/2, then what will be the value of tan² A?