What will be the compound interest on a sum of Rs 31250 for 2 years at 12 Pa if the interest is compounded 8 monthly?
Interest compounded in a year = 12/8 = 3/2 times. 2 years=3 *8 months so amt of interest will be =31250(1+. 08)^3–31250=8116Rs.
What is the compound interest in RS on a principle sum of Rs 2800 for 2 years at the rate of 10% per annum?
After the given period he will get the amount of ? Explanation : Let Principal = P, Rate = R% per annum, Time = n years. The compound interest on a certain sum of money for 2 years at 10% per annum is Rs 420.
What will be the difference in simple and compound interest on Rs 3000 after 3 years at the rate of 10% per annum?
Therefore, from among the options given in the question Option B is correct, which is At 10% p.a. the amount Rs. 3000 will be Rs. 3993 in 3 years compoundly. Note: Compound interest is adding interest to the principal sum of a loan or a deposit.
What is the formula for compound interest compounded quarterly?
Continuous Compound Interest Formula
| Time | Compound Interest Formula |
|---|---|
| 1 year [Compounded annually] | P(1 + r)t – P |
| 6 months [Compounded half yearly] | P[1 + (r/2)2t] – P |
| 3 months [Compounded quarterly] | P[1 + (r/4)4t] – P |
| 1 month [Monthly compound interest formula] | P[1 + (r/12)12t] – P |
What will be the compound interest on a sum of 31250 for 2 years at 12%?
Hence, the “option (2) ₹ 8116” is the correct.
What is the compound interest on a sum of Rs 37500 for 1 1 3 years at a rate of 12% pa if the interest is compounded 8 monthly?
Right Answer is: C Rate = 12% p.a.
What is the sum of compound interest on Rs 5000?
Therefore, the compound interest is Rs. 624.32 on Rs. 5000 if it is compounded half yearly for 1 year 6 months at 8 % per annum.
At what rate percent per annum will 6000 amount to 6615 in 2 years?
Solution: As it is given that the principle amount is Rs 6000, time is 2 years and Total amount is Rs 6615. Therefore, the rate of interest at which Rs 6000 will amount to Rs 6615 in 2 years is 5%.
At what rate percent per annum compound interest will Rs 6250 amount to 7290 in 2 years?
To find : At what rate percent p.a compound interest will rupee 6250 amt to rupee 7290 in 2 year ? Substitute the values, Taking root both side, Therefore, the rate percent is 8%.
How to calculate compound interest on interest rate?
When an amount doubles itself, then the Rate of interest = 100/term and term = 100/ rate. Therefore, here the rate of interest = 100/12 = 8 1/3%. Ans. Q. 22. What would be the compound interest obtained on an amount of Rs.6650 at the rate of 14 p.c.p.a. after two years?
Which is the compound interest rate on 84000?
The simple interest accrued on an amount of Rs.84000 at the end of three years is Rs.30240. What would be the compound interest accrued on the same amount at the same rate in the same period? The Rate of interest = SI × 100/ P n = 30240 × 100/84000 × 3 = 12% p.a. = 118013.952 – 84000 = Rs.34013.95.
How much will a sum of Rs 7, 250 amount to in 2 years?
How much will a sum of Rs.7,250 amount to in a span of 2 years, at 6 p.c.p.a rate of compound interest (Rounded off to the nearest integer)? 9). A sum of Rs.3200 becomes Rs.3456 in two years at a certain rate of simple interest. What is the rate of interest per annum? 10). A sum of Rs.2200 is invested at two different rates of interest.
What kind of compound interest does Ramakant get?
Ramakant invested amounts in two different schemes A and B for five years in the ratio of 5 : 4 respectively. Scheme A offers 8% simple interest and bonus equal to 20% of the amount of interest earned in 5 years on maturity. Scheme B offers 9% simple interest.
