Calculate compound interest on Rs 4000 for 2.5 years at 8 interest calculated annually
- AI Coach Study Modules, - Unlimited Mock Tests, - Study Improvement Plan. ₹ 9999/- ₹ 8499/- - AI Coach Study Modules, - Unlimited Mock Tests, - Study Improvement Plan. ₹ 13999/- ₹ 12499/- - AI Coach Study Modules, - Unlimited Mock Tests, - Study Improvement Plan. ₹ 9999/- ₹ 8499/- - AI Coach Study Modules, - Unlimited Mock Tests, - Study Improvement Plan. ₹ 13999/- ₹ 12499/- Chapter/Subject/Full Mock Tests for JEE Main, Personalized Performance Report, Weakness Sheet, Complete Answer Key,. ₹ 7999/- ₹ 4999/- Solution Principal (P) = Rs. 4000 Rate (R) =5% p.a Period (T) = 2 years ∴ Interest for the first year =PRT100 =4000×5×1100=Rs.200 Amound after one year = Rs. 4000 + Rs. 200 = Rs. 4200 ∴ Principal for the second year = Rs. 4200 ∴ Interest for the second year =Rs.4200×5×1100=Rs.210 ∴ Compound interest for 2 years = Rs. 200 + Rs. 210 = Rs. 410.Home Tick the correct answer in each of the following: The compound interest on Rs 4000 at 10% per annum for 2 years 3 months, compounded annually, is a Rs 916 b Rs 900 c Rs 961 d Rs 896 Question Open in App Solution Principal (P) = Rs. 4000Rate (R) =10% p.a.Period (n) = 2 years 3 months=214 years∴Amount (A) = P (1+R100)n=Rs.4000 (1+10100)2(1+10×1100×4)=Rs. 4000×1110×1110×4140=Rs. 4961∴C.I. = A - P = Rs. 4961 - 4000=Rs.961 (c) (adsbygoogle = window.adsbygoogle || []).push({});Suggest Corrections 15 Similar questions Q. Tick (✓) the correct answer: Q. Tick the correct answer in each of the following: The compound interest on Rs 10000 at 12% per annum for 112 years, compounded annually, is (a) Rs 1872 (b) Rs 1720 (c) Rs 1910.16 (d) Rs 1782 Q. Tick the correct answer in each of the following: The sum that amounts to Rs 4913 in 3 years at 614% per annum compounded annually, is (a) Rs 3096 (b) Rs 4076 (c) Rs 4085 (d) Rs 4096 Q. The compound interest on Rs. 4000 at 10% per annum for 2 years 3 months, Find compounded annually. Q. The compound interest on Rs 4000 at 10% per annum for 2 years 3 months, compounded annually is View More How do you calculate compound interest for 2.5 years?Compound interest will be calculated by C.I = [P × (1+R100)n] - P.. C.I = [15000 × (1+5100)5] - 15000.. C.I = [15000 × (1+120)5] - 15000.. How Do You Solve 2.5 years in simple interest?Given: The Simple Interest, SI = 5880. Time, n = 2.5 years. Rate of Interest, r = 10% ... . Formula: SI = PRT/100. Amount = P(1 + R/100)n CI = P(1 + R/100)n - P.. Calculations: The principal, P, is calculated as: SI = PRT/100. ⇒ 5880 = (P × 10 × 2.5)/100. ... . ∴ compound interest is Rs. 7785. Download Soln PDF. Share on Whatsapp.. How do you calculate compounded interest annually?Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one. The total initial amount of the loan is then subtracted from the resulting value. Katie Kerpel {Copyright} Investopedia, 2019.
What will be the compound interest in on 4000 at 6% per annum for two and half years if the interest is compounded?Detailed Solution. ∴ Compound interest is Rs. 410.
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