Calculate the amount and compound interest on Rs 8,000 for 1 year at 9% per annum compounded half yearly.
Here P = Rs 8000, T = 1 year, R = 9% p.a.
Interest is compounded half yearly,
∴ T = 1 year = 2 half years
R = 9% p.a.= half yearly
∵ Amount =
= Rs 8000
= Rs.
= Rs
CI = Rs 8736.20 - Rs 8000
= Rs 736.20
Calculate the amount and compound interest on Rs 10,000 for 1 year at 8% per annum compounded half yearly.
Here P = Rs 10000, T = 1 year
R = 8% p.a. compounded half yearly.
∴ R = 8% p.a. = 4% half yearly
T = 1 year n = 2 1 = 2
Now, amount =
= Rs 10,000
= Rs 10,000
= Rs 10,000
= Rs
CI = 10816 - 10000 = Rs 816
Calculate the amount and compound interest on Rs 10,800 for 3 years at 121/2 % per annum compounded annually.
Here P = Rs 10800, T = 3 years, R =
We have:
[∵ Interest compounded annually, ∴ n =3]
=
= Rs
=
∴ Amount = Rs 15377.34
Now, compound interest = Rs 15377.34 - Rs 10800
= Rs 4577.34
Calculate the amount and compound interest on Rs 62,500 for 11/2 years at 8% per annum compounded half yearly
Here P = Rs 62500, T =
Compounding half yearly,
R = 8% p.a. = 4% per half year
T = year n = 3 half years.
∴ Amount =
= Rs 62500
= Rs 62500
= Rs 62500
= Rs
Amount = Rs 70304
CI = Rs 70304 - Rs 62500 = Rs 7804