Find the amount and compound interest on ₹ 100000 for 112years at 10% compounded half yearly
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Find the amount and the compound interest on Rs 10,000 for 11/2 years at 10% per annum, compounded half yearly. Would this interest be more than the interest he would get if it was compounded annually? Show Principal = Rs 10,000 Time = 1 Rate = 10% p.a. Case I. Interest on compounded half yearly We have r =10 p.a. = 5% per half yearly T =  ∴ = Rs = Rs 10000 = Rs ∴ Amount = Rs 11576.25 Now CI = Amount - Principal = Rs 11576.25 - Rs 10,000 = Rs 1576.25 Case II, Interest on compounded annually We have R = 10% p.a. T = Amount for 1 year = = Rs = Rs 11000
∴ Interest for 1st year = Rs 11000 - Rs 10,000 = Rs 1000 Interest for next = = Rs 55 ∴ Total interest = Rs 1000 + Rs 550 ∴ Interest would be more in case of it is compounded half yearly. 991 Views Kamala borrowed Rs 26,400 from a Bank to buy a scooter at a rate of 15% p.a. compounded yearly. What amount will she pay at the end of 2 years and 4 months to clear the loan? (Hint: Find A for 2 years with interest is compounded yearly and then find SI an the 2nd year for 4/12 tears.) Here, we shall calculate the amount for 2 years using the CI formula. Then this amount will become the principal for next 4 months, i.e. 4/12 years. 119 Views Calculate the amount and compound interest on: (a) Rs 10,800 for 3 years at 121/2 % per annum compounded annually. (b) Rs 18,000 for 21/2 years at 10% per annum compounded annually. (c) Rs 62,500 for 11/2 years at 8% per annum compounded half yearly (d) Rs 8,000 for 1 year at 9% per annum compounded half yearly. (You could use the year by year calculation using SI formula to verify.) (e) Rs 10,000 for 1 year at 8% per annum compounded half yearly. 1355 Views Find the buying price of each of the following when 5% ST is added on the purchase of (a) A towel at Rs 50 (b) Two bars of soap at Rs 35 each (c) 5 kg of flour at Rs 15 per kg 925 Views A shopkeeper bought two TV sets at Rs 10,000 each. He sold one at a profit 10% and the other at a loss of 10%. Find whether he made an overall profit or loss. 1238 Views A milkman sold two of his buffaloes for Rs 20,000 each. On one he made a gain of 5% and on the other a loss of 10%. Find his overall gain or loss.(Hint: Find CP of each.) 192 Views What is the compound interest on Rs 10000 at 10% for 2 years?Compound Interest would be 12100rs.
What is the compound interest on rupees 10000 at 10% for 3 years?∴ Compound interest = ₹13860 – ₹10000 = ₹3860.
What does 10% compounded annually mean?For example, say you have $100 in a savings account, and it earns interest at a 10% rate, compounded annually. At the end of the first year, you'd have $110 ($100 in principal + $10 in interest).
What is the compound interest on rupees 20000 at 10% for 2 years?Where P is principal, R is rate of interest and T is time. ∴ The compound interest for 2 years is Rs. 2464.
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