Question
Find the compound interest earned on Rs. 35000 at 11% per
annum, compounded half yearly, after 1 year.Solution
ATQ,
Effective rate of interest = 11 × (6/12) = 5.5%
Effective time or number of terms = 2 half years
Or, amount received = 35000 × {1 + (5.5/100)}² = 35000 × (105.5/100) × (105.5/100) = Rs. 38961.63
Therefore, interest received = 38961.63 - 35000 = Rs. 3961.63
Which of the following combination is /are example's of written communication?
Who is the first Indian to participate in a Super Heavyweight Boxing event in the 2020 Olympic Games?
Which of the following is NOT an Equestrian discipline?
Hinayana and Mahayana are the branches of which of the following religion?
The Objective of ‘Make in India’ programme is:
Which of the following factors is responsible for the disease called ‘Mad Hatter’s Disease’?Â
Who built the famous Shiva Temple at Ellora?
In which of the following years was the first Janjatiya Khel Mahotsav held?
Five rivers from Punjab (India) enter the river _____ at Mithankot in Pakistan.
Which of the following institutes is responsible for undertaking the Deep Ocean Mission?
