(1000)^r = (25)^r ??
find the value of r.
Answers
Answer:
Question 1:
Find the amount and the compound interest.
No. Principal (₹) Rate (p.c.p.a.) Duration
(Years)
1 2000 5 2
2 5000 8 3
3 4000 7.5 2
ANSWER:
(1) Here, P = ₹ 2000; R = 5 % ; N = 2 years
A=P(1+R100)N =2000(1+5100)2 =2000(105100)2 =2000(2120)2 =2205 Rupees∴ Compound Interest after 2 years,I = Amount − Principal =2205−2000 =205 Rupees
Hence, Amount = ₹ 2205 and Compound interest = ₹ 205.
(2) Here, P = ₹ 5000; R = 8 % ; N = 3 years
A=P(1+R100)N =5000(1+8100)3 =5000(108100)3 =5000(2725)3 =6298.56 Rupees∴ Compound Interest after 3 years,I = Amount − Principal =6298.56−5000 =1298.56 Rupees
Hence, Amount = ₹ 6298.56 and Compound interest = ₹ 1298.56
(3) Here, P = ₹ 4000; R = 7.5 % ; N = 2 years
A=P(1+R100)N =4000(1+7.5100)2 =4000(1+751000)2 =4000(10751000)2 =4000(4340)2 =4622.50 Rupees∴ Compound Interest after 2 years,I = Amount − Principal =4622.50−4000 =622.50 Rupees
Hence, Amount = ₹ 4622.50 and Compound interest = ₹ 622.50
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