Question
Calculate the final amount Poonam will receive if she
invests Rs. 2,500 at a compound interest rate of 80% per annum, compounded quarterly, over a period of 9 months.ÂSolution
Effective rate of interest = (80/4) = 20% per term Effective time period = (9/3) = 3 terms A = Sum (1 + R/100)t A = 2500 x (1 + 20/100)³ A = 2500 x (6/5)³ A = Rs 4,320
More Simple and compound interest Questions
28(4/5) + 52(1/2) × 8(2/7) - 11(1/5) = ? + 6(1/5)
Find the value of 45 - 3 x (4 of 6 + 12 ÷ 3 × 6 – 4 × 5) + 6.
26 2 – 13% of 400 + (529 ÷ 23 2 ) = ? 2Â
Simplify the following expression:-
√10000 x √8100 - (50)² = √(?) + (80)²
(18% of 360) ÷ 0.4 = ?
3.55 + 1.05 + 2.5 × 13 – 12% of 12.5 = ?
? = 6.25% of 240 + 25 2 + 17 2 – 16 × 17
 √256 * 4 – 30% of 190 + ? = 110% of 220
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