Question
A sum of money amounts to Rs. 2040 at 18% per annum simple
interest after 2 years. If the same sum is invested at the same rate of interest, but compounded half-yearly, what will be its value after 1 year?Solution
Amount = SI + P
=> 2040 = (P * 18 * 2)/100 + P
=> 2040 = 34P/25
=> P = 2040 * 25/34
=> P = Rs. 1500
When amount is calculated on the same sum of money for 1 year at the same rate of interest compounded annually and the interest is calculated half yearly.
So, Amount = 1500 * (1 + 9/100)2 = Rs. 1782.15
More Simple and compound interest Questions
7, 8, 12, 21, 37, ?
- What will come in the place of question mark (?) in the given expression?
35% of 400 - 20% of 300 = (? - 30) X 2 Evaluate: 18 ÷ 3 × 4 + 6 − 5
What will come in the place of question mark (?) in the given expression?
96 ÷ (9 - 6.6) + 17.5 X 6 = ? ÷ 8
242 + 80% of 1620 = ? × 16 – 35% of 800
(-251 × 21 × -12) ÷ ? = 158.13
- What will be come in place of (?) in the given expressions.
(58% of 250) + (42% of 150) = ? What value should come in place of the question mark (?) in the following question?
2000 ÷ 10 + 250 × 2 �...
What will come in place of the question mark (?) in the following questions?
55 ÷ 11 × 6 + ?2 = 47 × 2
