33. Aman took a loan of Rs 12,000 from a bank for a period of 2 years compounded
annually. At the end of 2 years, he returned a total of Rs 15,870.
i. Find the rate of compound interest at which he took the loan.
ii. If Aman had taken the same loan at the same rate of interest for 1 year compounded half
yearly, find the amount he would pay at the end of 1 year.
nach of ride 9 cm are inined end to end as shown in the figure below.
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2
Answer:
Correct option is
A
Rs 1356
P=Rs.12000,Time=2 Years,Rate=5% and 6%
A=P(1+
100
R
)
T
⇒12000(1+
100
5
)(1+
100
6
)
⇒12000×
100
105
×
100
106
⇒13356Rs
C.I=A−P
⇒13356−12000=1356Rs.
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