Question

Calculate the amount and compound interest on Rs10,000 for

3 years at 12 1/2



perannum compounded annually.​

Answer 1

Answer:

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What is the compound interest paid when a sum of Rs 10,000 is invested for 1 year and 3 months at 8 1/2% per annum compounded annually?

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4 Answers

Anmol Gupta, CEO at 7Prosper

Answered 2 years ago · Author has 70 answers and 831.8K answer views

8% per annum compounded annually means your money is compounded every 12 months by 8%.

Maturity amount = Principal * (1 + effective periodic interest rate)^No. of periods.

So, your maturity amount is going to be 10,000 x (1+8.5%)^(15/12) = 11,041.

15/12 is the no. of years. I took no. periods in years because we know the effective yearly interest rate.

Had it been 8.25% per annum compounded quarterly, you would calculate it the following way.

8.25% per annum compounded quarterly means 8.25%/4 per quarter which is 2.0625%.

Then maturity amount = 10,000 x (1+2.0625%)^5 = 11,074.

Here, I took no. of periods in quarters as interest is being compounded every quarter.

Answer 2

Answer:

Evaporation is a type of vaporization that occurs on the surface of a liquid as it changes into the gas phase. The surrounding gas must not be saturated with the evaporating substance. When the molecules of the liquid collide, they transfer energy to each other based on how they collide with each other