Question

In what time will Rs. 2500 amount to Rs. 3327.5 @ 20%

Q: Answer-In what time will Rs. 2500 amount to Rs. 3327.5 @ 20% compound interest payable half-yearly?

Since interest is compounded half-yearly So, rate is 202 10 and time 2 x t 2t years A P 1 R100t 3327.5 2500 1 10100 t 3327.5 2500 11102t 1110 107100 2t t 32 years , The required time is 32 years.

compound interest payable half-yearly?

A 2% years

B 3% years

C 3/2% years

D 4% years

Practice Next

More Simple and compound interest Questions

A pond of water appears less deep due to –
Which law states that the ratio of the potential difference across a conductor to the current through it is constant, provided the temperature remains c...
When white light passes through a glass prism, which color deviates the least?
The weight (W) of a body is derived from which formula?
What is the momentum of a 2 kg object moving at 3 m/s?
In an experimental arrangement of a Fresnel's biprism, monochromatic light of wavelength 2. is used to produce interference fringe pattern. On introduc...
Parsec is the unit of
Match the following machines with their working principles:

(i) Electric motor - (a) Heat energy into mechanical energy

(ii) Steam engin...
What happens to the electrostatic force between two charges when the distance between them decreases?

In what time will Rs. 2500 amount to Rs. 3327.5 @ 20%

Solution